SPCX ▼ -0.6% - Space Exploration Technologies Corp. $SPCX SpaceX is seeking roughly $40 billion of debt financing led by APO Apollo to fund a major purchase of NVDA Nvidia chips, deepening its commitment to Nvidia’s Vera Rubin platform as AI infrastructure spending accelerates. * Financing structure: SpaceX is pursuing about $10B of bank loans and $30B of investment-grade debt, with Apollo expected to lead the transaction and distribute the debt to a broad investor base; closing is targeted for 2027. * Nvidia commitment: Elon Musk said SpaceX intends to build its AI infrastructure exclusively around Nvidia because it views Vera Rubin as the strongest available architecture. * Credit profile: SpaceX carries a BBB investment-grade rating, allowing insurance and pension funds to participate, though its 2056 bonds trade near 85 cents on the dollar at roughly 227 basis points over Treasuries. * Capital intensity: The financing follows SpaceX’s $86B June IPO and $25B high-grade bond sale, highlighting the enormous capital requirements of its AI and data-center expansion. * Broader AI financing: Apollo previously led a $35B financing tied to $AVGO Broadcom chips and is part of Nvidia’s planned $500B infrastructure-financing platform, underscoring Wall Street’s growing role in funding AI compute buildouts. 06-OCT-2026 07:17 PM ET