The borrowing follows the expansion of the company's AI business, which became its largest unit after reporting $7.56B in Q3 revenue, a ninefold increase over the prior year. While Elon Musk has claimed the financing is already closed, sources familiar with the matter said pricing discussions were still ongoing as of Sunday.
Monday, October 26, 2026
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SpaceX to Keep $40B AI Chip Debt Off Balance Sheet
AI5 hours ago
The aerospace company will utilize a special purpose vehicle to obtain funding for artificial intelligence hardware without impacting its investment-grade credit rating. This off-balance-sheet structure is intended to support a $40B debt deal to purchase graphics processing units, which are scheduled for delivery in the first half of 2027.
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