Musk says SpaceX closed $40B in debt financing for Nvidia GPUs

Elon Musk's SpaceX (SPCX) has closed $40 billion in debt financing for Nvidia (NVDA) graphics processing units (GPUs) amid growing market concerns over aggressive AI-related debt issuance.

• Musk, in a Sunday post on X, said that SpaceX had closed $40B in debt financing for GPUs. Musk cited SpaceX's investment-grade credit rating and Starlink revenue as factors supporting its access to credit (1).
• The borrowing is predominantly callable debt, Reuters reports — meaning SpaceX can repay it early — for GPU purchases that will arrive in Q1 and Q2 of next year (2).
• Semafor, on October 22, reported that SpaceX's $40B debt raise was being finalized, led chiefly by Apollo Global Management and Goldman Sachs (3).
• Sources familiar with the matter told Semafor the lowest-rated tranche was estimated to carry an interest rate near 8.30% (3).
• In his post, Musk also said that "... the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many" (1).
• On Monday, shares of neoclouds like Nebius (NBIS), CoreWeave (CRWV), and Iren (IREN) each fell by about 4% in early premarket trading.
• CNBC reports that neocloud stocks have fallen sharply over the past month, with all three stocks mentioned above down 30–40%. However, in a recent interview, Nvidia CEO Jensen Huang defended the sector, saying neocloud demand was "off the charts" (4, 5).

Sources & Further Reading

1. "Elon Musk on X." X. October 25, 2026.
2. "Musk says SpaceX raised $40 billion in debt for GPUs." Reuters. October 25, 2026.
3. "Exclusive: SpaceX $40 billion debt deal gets pricey as AI fears spread." Semafor. October 22, 2026.
4. "Neocloud stocks fall as Elon Musk says more than 200 of them face ´guppy-level death.´" CNBC. October 26, 2026.
5. "Nvidia CEO Jensen Huang says neocloud demand is ‘off the charts’ but capital is scarce." CNBC. October 22, 2026.