SpaceX (SPCX) Stock: Eyes $40 Billion Debt Deal for Nvidia AI Chips

TLDR

• SpaceX seeks $40 billion in debt to fund a major Nvidia chip purchase in 2026.
• The financing may include $10 billion in loans and $30 billion in new bonds.
• SpaceX targets two gigawatts of AI compute capacity by the end of this year.
• Starlink wins approval for 15,000 more satellites to expand mobile coverage.
• New hosting deals and Starlink revenue support SpaceX’s aggressive expansion.

SpaceX is seeking about $40 billion in debt financing to buy Nvidia chips for its expanding compute operations. The plan could combine bank loans and investment-grade debt as the company accelerates infrastructure spending. SPCX stock closed at $167.60, down 2.51%, before edging 0.20% higher after hours.

Space Exploration Technologies Corp., SPCX

SpaceX Targets Major Debt Package for Nvidia Chips

Reports indicate SpaceX may raise $10 billion through bank loans and $30 billion through investment-grade debt. The financing would fund a large Nvidia chip purchase for terrestrial data centers and planned orbital compute projects. Apollo Global is reportedly leading the financing, while PIMCO has shown interest in the debt.

The package would expand SpaceX’s borrowing as management pushes deeper into large-scale compute infrastructure. SpaceX plans to use Nvidia architecture across its data centers and future orbital computing systems. The company also aims to reach two gigawatts of compute capacity by year-end.

That target compares with about 1.4 gigawatts reported at the end of the second quarter. The expansion adds another growth business alongside rocket launches and Starlink services. Management has tied recent growth to hosted computing demand and long-term service contracts.

Compute Growth Supports SpaceX Revenue Expansion

SpaceX has increased its focus on data centers as new hosting agreements add recurring revenue. SpaceX calls its Memphis facilities Colossus 1 and 2, which now support a larger commercial compute business. Company leadership expects these operations to contribute more annual recurring revenue.

SpaceX recently secured another hosting agreement expected to start generating revenue in December. Management said the deal could add about $1.11 billion in monthly revenue after operations begin. That agreement would equal roughly $13 billion in annual recurring revenue at the stated run rate.

The company now targets about $100 billion in annual recurring revenue across its operations. Starlink cash generation and contracted compute demand could help SpaceX support the heavier debt load. However, the financing would still represent a major increase in balance-sheet commitments.

Starlink Approval Expands SpaceX Growth Plans

SpaceX also received approval to launch 15,000 additional satellites for its Starlink Mobile network. The satellites will support direct-to-cell connections and broader mobile coverage from low Earth orbit. Regulators also approved spectrum use tied to planned EchoStar assets and certain T-Mobile frequencies.

The new satellites may operate as low as 326 kilometers above Earth to reduce network latency. SpaceX expects the system to support faster direct mobile connections without traditional ground infrastructure. The approval strengthens SpaceX’s position against established wireless carriers in satellite-based connectivity markets.

SpaceX has proposed much larger satellite systems beyond the latest Starlink expansion. Those plans include up to 100,000 Starlink Gen3 satellites and one million Starmind satellites. Together, the projects connect SpaceX’s satellite network, compute capacity, and infrastructure spending into one growth strategy.

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