SpaceX secures $40 billion debt financing for GPU purchases in 2027

SpaceX has agreed a $40 billion deal to borrow money to buy graphics processing units, or GPUs. Elon Musk announced this on October 25, 2026. The chips will arrive in the first and second quarters of 2027. SpaceX needs the GPUs for its artificial intelligence data centres. The company was able to borrow at good rates because it has a strong credit rating and steady income from its Starlink internet service and rocket launches. SpaceX expects to spend $35 to $40 billion on new equipment in the final quarter of 2026. Musk said the deal will not have a big effect this quarter. Bloomberg reported that talks about the exact price were still continuing when Musk made his announcement.