SpaceX prepares $40 billion financing for AI computing

what happened

TradingView reports that Space Exploration Technologies Corp (NASDAQ:SPCX) completed Starship’s first orbital flight and deployed 26 Starlink V3 satellites. Second-quarter connectivity revenue reached $4.29 billion, up 66%, while AI revenue was $2.56 billion. Capital expenditure was estimated at $15.83 billion for AI and $18.37 billion overall.

The company is seeking about $40 billion to purchase Nvidia chips: $10 billion through bank loans and $30 billion via bonds, with closing targeted around 2027. Apollo and Pimco were cited as participants. SpaceX also agreed to acquire nationwide 800 MHz spectrum from Grain Management for about $8 billion, subject to FCC approval.

Goldman Sachs lifted its SpaceX AI revenue forecasts to $27.3 billion for 2026, $90.4 billion for 2027 and $146.7 billion for 2028. TD Cowen initiated coverage with a Buy rating and a $200 target. SpaceX is also preparing share unlocks, expanding compute capacity and planning an eight-mile Starpipe pipeline near Starbase, Texas. TradingView cautioned that the material was AI-generated and may contain inaccuracies.

why it matters

The market focus is likely to remain on the scale of the proposed financing, potential share-supply pressure from unlocks and the FCC approval needed for the spectrum transaction. Starship Flight 15 may provide another catalyst in late October or early November.

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