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CNBC
Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
Apollo Capital Management and several banks are in discussions to help SpaceX fund its substantial $40 billion acquisition of Nvidia graphics processing units. This financing effort comes on the heels of SpaceX's recent successful bond issuance, which raised $25 billion. While there's strong interest in GPUs as collateral, investor sentiment is cautious due to rising costs in the AI sector and increased yields. The market's expectation for GPU value retention is around seven years, which aligns with the ongoing scarcity of computing power, suggesting sustained demand in the long term.
MonitorConfidence: MediumShort term horizonStory: First report
EvidenceOn record sourcesNo quotes
Published 7 Oct 2026, 16:55 UTC2 min read
Lead image — CNBC
Brief
NewsBite reading:Apollo and banks explore financing SpaceX's $40 billion Nvidia GPU purchase
Numbers in this story
Deal value
$40B
TL;DR
- Apollo Capital is leading discussions with SpaceX and banks for financing.
- $40 billion debt deal will use Nvidia GPUs as collateral.
- SpaceX raised $25 billion in bonds following a record IPO.
- Investors show demand but seek higher yields amid tightening credit.
- AI-related bonds have experienced a sell-off since mid-year.
Interesting facts
- SpaceX’s financing underscores significant confidence in GPU value stability.