SpaceX raises US$ 40 billion in debt to buy Nvidia AI chips

SpaceX raised US$ 40 billion in debt, approximately R$ 216 billion, to acquire graphics processors for artificial intelligence. The information was disclosed by Elon Musk this Sunday (25), in a post on X, in the United States.

These are GPUs, short for graphics processing units. These chips perform the heavy calculations required to train and run AI systems. The company set to supply SpaceX with most of these processors is Nvidia.

How SpaceX will pay the bill

According to Musk, the fundraising was made possible by the company's investment-grade credit rating. That status indicates a lower risk of default and usually makes it easier to access credit on better terms.

Current revenues also helped support the deal. They include the Starlink satellite internet service and space launches, two well-established sources of revenue for the company.

Musk said the financing is mainly debt to acquire GPUs, with deliveries scheduled for the first and second quarters of 2027. He also said the deal is not a material factor for current-quarter results.

Spending nearly triples amid the AI race

The fundraising shows the scale of the investment in computing. Known for rockets and satellites, SpaceX is expanding the infrastructure needed to develop and run artificial intelligence systems, amid the big tech race for advanced chips and data centers.

SpaceX's capital expenditures nearly tripled in the third quarter of 2026 from the same period a year earlier, totaling US$ 19.6 billion, about R$ 105.8 billion. In the three-month period ended September 30, revenue reached about R$ 78.7 billion, or US$ 14.58 billion, up 161% year over year.

Plan to build its own chips

Reuters had previewed the deal in early October, reporting that the company was in talks with banks and asset managers to raise US$ 40 billion to buy Nvidia AI chips.

Another pillar is Terafab, a chip-manufacturing project involving SpaceX and Tesla in Austin, Texas. The initial test chip is expected to be built around May or June 2027, with volume production targeted for the third quarter of 2028.

Ahead of its IPO, SpaceX had already listed production of its own GPUs among the significant planned capital investments in its IPO filings. The company warned investors about the costs required to develop AI, and the project points to a push for greater control over components, although large-scale manufacturing remains a future goal.