Musk Says SpaceX Closed $40 Billion GPU Debt Financing

Elon Musk said SpaceX closed $40 billion in debt financing for graphics processing units, or GPUs, intended to expand the company’s artificial intelligence computing capacity. He announced the borrowing on X on October 25, describing it as primarily callable debt, which can be repaid early, for chips expected to arrive in the first and second quarters. He did not specify the years in the post. Musk attributed SpaceX’s ability to borrow to its investment-grade status and revenue from Starlink and rocket launches. He said the financing would not be a major factor in the current quarter. SpaceX Chief Financial Officer Bret Johnsen said the company expects to spend $35 billion to $40 billion on capital expenditures in the fourth quarter of 2026. The financing’s lenders, interest rate, maturity and structure have not been disclosed by Musk, and the company has not published detailed terms. A September 30 company filing reported $38.006 billion in aggregate principal debt outstanding before Musk’s announcement, but did not detail the financing he described. The filing therefore does not establish the terms or status of the borrowing announced later. SpaceX reported third-quarter...