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

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.

Why SpaceX keeps buying

The spending is not purely for internal use. SpaceX is renting out compute it does not need to outside customers, and those deals are getting large.

Third-party compute leases could potentially generate roughly $40 billion or more in annual recurring revenue. Leases added with Anthropic alone are valued at around $1.25 billion per month.

For Nvidia, the arrangement looks close to ideal. The company sells the chips, holds equity in the buyer, and helps organize the financing that funds the purchases.

For Apollo and private credit more broadly, the proposed consortia with Nvidia, potentially worth hundreds of billions, point to how large that role could get.

A confirmed filing, lender statement or company disclosure would settle whether the $40 billion figure is real. Until then, SpaceX’s existing commitments and lease deals offer the clearest view of where its AI spending is headed.