SpaceX reportedly seeks $40 billion in Apollo-led financing for Nvidia chips

SpaceX is reportedly looking to raise $40 billion through a financing package led by Apollo Global Management, with the money earmarked for Nvidia chips. The claim surfaced in a post on X. No public reports have yet confirmed a new round of that size, structure or purpose. What is reported, and what is already on the books The post on X describes a $40 billion raise routed through Apollo, aimed at buying Nvidia hardware. Beyond that single line, the reported deal carries no confirmed terms, timeline or lender roster. What is documented is SpaceX’s appetite for Nvidia gear. On its first earnings call after its June 2026 Nasdaq IPO, held in August 2026, the company committed exclusively to Nvidia hardware. That includes Nvidia’s Vera Rubin architecture. The numbers bear that out. SpaceX’s AI-related non-cancelable commitments stood at $28 billion by June 2026, with much of that coming due in 2027. In the second quarter of 2026 alone, SpaceX spent $15.8 billion in capex on compute infrastructure. Apollo’s track record with this machine Apollo would not be a newcomer here. The firm has already financed Nvidia GPU clusters leased to xAI, the AI venture that is now part of SpaceX. Those ...