SpaceX seeks $40 billion Apollo-led financing to buy Nvidia chips, FT reports
The Financial Times reported that SpaceX is seeking about $40 billion, led by Apollo Global Management, to buy Nvidia chips. The package would combine bank loans and investment-grade debt and is expected to close in 2027.
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The story, neutrally told
Centre · 2SpaceX is seeking to raise $40 billion in a financing effort led by Apollo Global Management to buy Nvidia chips, the Financial Times reported on Tuesday 6 October, citing people familiar with the matter. CNAN “SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.” Read at CNA ↗ Anadolu AgencyN “US aerospace company SpaceX seeks to raise $40 billion in a financing effort led by Apollo Global Management to purchase Nvidia chips.” Read at Anadolu Agency ↗ Centre · 2The company is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to fund the chip order. CNAN “The Elon Musk-led company is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the chip order, the report said.” Read at CNA ↗ Anadolu AgencyN “The company looked to raise about $10 billion in bank loans and $30 billion in investment-grade debt to fund the massive chip order” Read at Anadolu Agency ↗ Centre · 1Apollo is expected to lead the deal and help place the debt with a broad range of investors, and bond fund Pimco is among a small group of lenders in talks to provide financing; the transaction is expected to close in 2027. CNAN “Apollo is expected to lead the SpaceX deal and help place the debt with a broad range of investors, with bond fund Pimco among a small group of lenders in talks to provide financing” Read at CNA ↗ CNAN “The transaction is expected to close in 2027, according to the report.” Read at CNA ↗
Centre · 1Anadolu Agency adds that SpaceX's BBB credit rating, the second-lowest investment-grade ranking, would let insurance and pension funds buy its debt. Anadolu AgencyN “Insurance and pension funds gained the opportunity to buy the debt of SpaceX due to its BBB credit rating, which marks the second-lowest investment-grade ranking.” Read at Anadolu Agency ↗ Centre · 2Pimco declined to comment; Apollo's response is reported differently, with CNA (carrying Reuters) saying SpaceX, Apollo and Nvidia did not immediately respond to requests for comment, while Anadolu says Apollo declined to comment. CNAN “While SpaceX, Apollo and Nvidia did not immediately respond to Reuters requests for comment, Pimco declined to comment.” Read at CNA ↗ Anadolu AgencyN “Apollo and Pimco declined to comment on the matter, while SpaceX and Nvidia did not immediately respond to media inquiries.” Read at Anadolu Agency ↗ Centre · 1CNA reported that SpaceX shares fell 1 per cent in extended trading after the report, while Nvidia's stock rose 0.5 per cent. CNAN “Shares of the rocket and spacecraft manufacturer fell 1 per cent in extended trading after the report, while Nvidia's stock rose 0.5 per cent.” Read at CNA ↗
Centre · 2The deal follows Elon Musk's statements that SpaceX will build its data centres exclusively on Nvidia hardware; Anadolu says he said in August that this was because he considered the Vera Rubin architecture the best, and CNA says he said last month that xAI's Colossus 2 data centre could more than double its Nvidia chips by December. Anadolu AgencyN “Musk said during the earnings call of SpaceX in August that his company decided to build exclusively on Nvidia because they considered the Vera Rubin architecture as the best architecture.” Read at Anadolu Agency ↗ CNAN “Musk, who took SpaceX public in June in a record $86 billion IPO, had said last month that xAI's Colossus 2 data center could more than double the number of Nvidia chips it uses by December.” Read at CNA ↗ Centre · 1CNA places the financing in the wider AI buildout, citing Morgan Stanley's estimate that AI infrastructure will need $1.5 trillion in external financing by 2028, and noting that in August Nvidia partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR on financing platforms meant to mobilise more than $500 billion. CNAN “Morgan Stanley estimates AI infrastructure will require $1.5 trillion in external financing by 2028”“Nvidia, the dominant supplier of AI processors, in August partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR on financing platforms intended to mobilize more than $500 billion for AI infrastructure projects.” Read at CNA ↗
Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.
Left0 outlets
No left outlet in our sources has covered this story yet.
Centre2 outlets
- Framing
- Both outlets relay the FT scoop as a financing story tied to the AI capital race. CNA, carrying Reuters, adds market reaction and industry context. Anadolu stresses the credit rating and the SpaceX–Nvidia relationship.
- Emphasis
- Deal structure, Apollo's lead role, the 2027 close, and Musk's Nvidia-exclusive commitment.
- Leaves out or plays down
- Anadolu omits market reaction and the Morgan Stanley estimate; CNA omits the BBB rating and the Vera Rubin rationale.
- Charged language
- “massive chip order”“enormous capital requirement”
- For example
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“The proposed funding underscores the enormous capital requirement of the AI boom” — CNA
“Firm looks to raise about $10B in bank loans and $30B in investment-grade debt to fund massive chip order” — Anadolu Agency
Right0 outlets
No right outlet in our sources has covered this story yet.
What every side reports
- SpaceX is seeking about $40 billion, led by Apollo, to buy Nvidia chips, per the FT.
- The package is about $10 billion in bank loans and $30 billion in investment-grade debt.
- Pimco is among lenders in talks, and the deal is expected to close in 2027.
- SpaceX and Nvidia had not responded to requests for comment.
Where accounts differ
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Apollo's response to requests for comment
- Centre
- CNA (Reuters copy) says Apollo did not immediately respond; Anadolu says Apollo declined to comment.
SpaceX organisation
Had not responded to requests for comment; Musk has said SpaceX will build exclusively on Nvidia hardware.
“The company plans to use Nvidia hardware exclusively to build its data centers, Musk said.” — CNA
Apollo Global Management organisation
Expected to lead the financing and help place the debt; reported as not responding or declining to comment, depending on the outlet.
“Private capital group Apollo expected to lead the deal and help sell the debt to a broad base of investors.” — Anadolu Agency
Left0 articles
No coverage yet.
Centre3 articles
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CNAN ·
SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports
Neutral Fuller Reuters-sourced version adding market reaction, Musk's Nvidia plans and AI financing context.
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CNAN ·
SpaceX seeks $40 billion to buy Nvidia chips, FT reports
Neutral Short Reuters-sourced relay of the FT report with deal terms and no-comment status.
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SpaceX plans to raise $40B to buy Nvidia chips, FT reports
Neutral Anadolu summary of the FT report stressing the BBB rating, investor access and the SpaceX–Nvidia tie.
Right0 articles
No coverage yet.
- 6 Oct 23:38 First CNAN SpaceX seeks $40 billion to buy Nvidia chips, FT reports
- 6 Oct 23:38 First CNAN SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports
- 7 Oct 07:35 +7h 57m Anadolu AgencyN SpaceX plans to raise $40B to buy Nvidia chips, FT reports
Times are when each article was published, or when we first saw it if the outlet gave no time.