SpaceX in Talks to Borrow $40 Billion for Nvidia AI Chips
SpaceX is discussing $40 billion in financing for Nvidia chips, with Apollo expected to lead the deal as its AI spending accelerates.
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SpaceX is discussing $40 billion in financing for Nvidia chips, with Apollo expected to lead the deal as its AI spending accelerates.
SpaceX’s SPCX shares traded above $175 on October 6, lifting its estimated value beyond $2.3 trillion as investors assess Starlink growth and AI spending.
Forbes puts Elon Musk’s fortune at $1.024 trillion as SpaceX and Tesla shares rally, restoring the wealth milestone first reached after SpaceX’s June IPO.
SpaceX rises nearly 6% as its estimated valuation reaches $2.22 trillion, with Morgan Stanley maintaining a $300 target ahead of the next Starship test.
Starship’s orbital debut strengthens the case for SpaceX’s launch and satellite businesses, although Citi’s long-term valuation scenario depends on much wider commercial deployment.
Google’s Project Suncatcher will test AI chips in orbit with Planet Labs and SpaceX, while launch costs and cooling remain central to its business case.
SpaceX’s current market value and prospective valuations for Anthropic and OpenAI total roughly $5.2 trillion, exceeding the combined debut-day value of every U.S. technology IPO from 1980 through 2025.
OpenAI plans to end its partnership with Cursor and cut direct access to its AI models following the coding platform’s acquisition by SpaceX.
Nvidia disclosed ownership of 122.8 million SpaceX Class A shares worth approximately $21 billion, making SpaceX one of its largest equity investments.
Norway’s sovereign wealth fund reported a record $184 billion first-half profit and disclosed a stake in SpaceX for the first time, highlighting its continued expansion into leading technology investments.
SpaceX’s post-IPO lock-up period has ended, allowing insiders to sell up to 911.5 million shares for the first time.
Nikita Bier has stepped down as Head of Product at X as SpaceX employees become eligible to sell their shares on the public market for the first time.
SpaceX confirmed plans to enter the U.S. mobile telecom market, pressuring Verizon and AT&T shares as investors weighed a new competitive threat.
SpaceX and NVIDIA will jointly develop Rubin-powered computing payloads and a satellite AI platform for the Starmind orbital data center project.
SpaceX will release its first quarterly earnings report as a public company, with investors closely watching Starlink growth, AI spending, profitability, and future guidance.