Elon Musk confirmed Oct 25 SpaceX has closed $40B in callable debt financing to buy GPUs, per Reuters. fd95
"This is primarily callable debt for GPU purchases that will arrive in Q1 and Q2. Not a major factor this quarter," Musk posted on X.
Deal follows Reuters report earlier this month that SpaceX was in talks with banks for Nvidia AI chips. Musk said investment-grade status plus Starlink + launch revenue helped preserve credit access. fdfd95
SpaceX Q3 revenue climbed 161% YoY to $14.58B for quarter ended Sept 30, clearest sign AI investment translating to revenue, even as capex nearly tripled to $19.6B. fd95
Also disclosed: Terafab JV with Tesla in Austin to produce first test chip May/June 2027, volume by Q3 2028. S-1 previously listed "manufacturing our own GPUs" as major capex.