Elon Musk said on X that SpaceX "closed $40B of debt for GPUs," adding that the company is investment grade and has Starlink and launch revenue, while debt markets have "almost entirely shut off" for companies without substantial revenue independent of AI data centers. In a follow-up reply, Musk said it is "primarily callable debt for GPU purchases that will arrive in Q1 and Q2" and "not a major factor this quarter." Musk did not name lenders or terms. Reuters, the FT, CNBC, Semafor and Bloomberg had earlier reported, citing unnamed sources, that SpaceX was arranging about $40 billion of debt for Nvidia chips, with Apollo and Goldman Sachs reported to be leading.
The debt consists of obligations that allow for early repayment and is intended primarily for GPU acquisitions.
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SpaceX bought $151 million in Tesla Megapack purchases during the third quarter in its latest 10-Q filing. The purchases bring the company's year-to-date total to $480 million.
SpaceX reported Q3 2026 revenue of $14.6 billion, up 161% from a year earlier, and net income of $4.4 billion. On its earnings webcast, CFO Bret Johnsen said SpaceX expects Q1 2027 revenue of $33 billion to $37 billion, and CEO Elon Musk said SpaceX will try to catch Starship on Flight 15 next month, pending FAA approval.
SpaceX did not launch a Falcon 9 carrying 27 Starlink satellites from Vandenberg Space Force Base on Tuesday, when liftoff had been targeted for 4:10 p.m. PDT (7:10 p.m. EDT). SpaceX now lists the next attempt for Wednesday, Oct. 21, between 2:59 and 6:59 p.m. PDT. Earlier Tuesday, SpaceX reported $5.2 billion in third-quarter connectivity revenue and said it added 1.6 million Starlink customers.
SpaceX launched Bandwagon-5 from Cape Canaveral on October 20 at 11:04 UTC, carrying its Starfall reentry capsule and 31 customer payloads, 32 in all. The Falcon 9 booster landed on the droneship A Shortfall of Gravitas after Monday's attempt was scrubbed for weather.
Seeking Alpha asked its analysts whether Tesla should merge with SpaceX after Barclays said an all-stock deal could be announced before Tesla's annual meeting, expected by Dec. 6. No merger has been announced. Musk's "more and more overlap" remark came on Tesla's July 22 call; the next one is Oct. 21.
