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Oracle, Broadcom and SpaceX seek tens of billions in debt to fund AI chips, reports say

Broadcom, SpaceX and Oracle are pursuing tens of billions of dollars in debt financing with lenders including Apollo and Blackstone to buy AI chips and fund custom computing hardware, according to reports by The Wall Street Journal, the Financial Times and Bloomberg.

Nvidia CEO Jensen Huang handing a computing hardware unit to Elon Musk at a facility.
Image: @wallstengine

Broadcom, Oracle and SpaceX are each pursuing large-scale debt packages to fund artificial intelligence processors and infrastructure, according to reporting from The Wall Street Journal, the Financial Times and Bloomberg. Broadcom is working to arrange more than $50 billion in financing for a custom AI chip it is co-developing with OpenAI. Private credit lenders including Apollo Global Management and Blackstone have held talks to participate in the financing, which would back OpenAI's Jalapeno chip under its internal Nexus program rather than an equity round.[2][3][6][9][10][11][12][15]

SpaceX is separately in talks to borrow $40 billion to purchase Nvidia chips, according to the Financial Times and Bloomberg. The financing package, led by Apollo, is structured to include roughly $10 billion in bank loans and $30 billion in investment-grade debt, with the transaction expected to close in 2027. SpaceX had previously shown prospective investors a two-page memo featuring space imagery and proposing data centers built somewhere in the universe, following an August statement by Elon Musk that SpaceX planned to build exclusively on Nvidia architectures.[1][4][5][8][13][14][16][17]

Oracle is also in talks with Apollo and Goldman Sachs to finance a major chip purchase, per The Wall Street Journal. The credit deal is intended to bridge the gap between when Oracle must pay upfront for computing hardware and when cloud computing revenues begin to flow in.[2][6][7][9][15]

Key facts

  • Broadcom is in discussions to arrange more than $50 billion in debt financing for OpenAI's custom AI chip program, with Apollo and Blackstone among potential lenders.
  • OpenAI's custom chip effort is internally designated Nexus, with its first two generations named Jalapeño and Serrano.
  • SpaceX is seeking $40 billion in financing led by Apollo to buy Nvidia chips, consisting of roughly $10 billion in bank loans and $30 billion in investment-grade debt.
  • SpaceX's debt transaction is targeting a completion date in 2027.
  • SpaceX pitched early investors with a memo suggesting data centers would be built somewhere in the universe.
  • Oracle is negotiating financing with Apollo and Goldman Sachs to fund hardware purchases while awaiting cloud computing revenue.

Sources · 12 sources

  1. BT

    Bull Theory@BullTheoryioPost on X ·

    BREAKING: Elon Musk's SpaceX is in talks to raise $40 Billion in debt to buy Nvidia chips, per FT. The financing could include $10 billion in bank loans and $30 billion in investment-grade debt, led by Apollo. https://t.co/ZFrRgOHaOS

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  2. TK

    The Kobeissi Letter@KobeissiLetterPost on X ·

    BREAKING: Broadcom, $AVGO, is seeking more than $50 billion in financing for OpenAI’s custom AI chip, which the firms are developing together, per WSJ. Apollo and Blackstone are among the lenders Broadcom has talked to about participating in the deal. The financing is intended to help Oracle bridge the gap between when it has to pay for the hardware and when its cloud computing revenue starts coming in.

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  3. BL

    Bloomberg@businessPost on X ·

    Broadcom is arranging more than $50 billion in financing for the custom artificial intelligence chip it’s developing with OpenAI, part of a surge in deals to pay for AI infrastructure, the Wall Street Journal reported https://t.co/0XpSBZTNfE

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  4. TK

    The Kobeissi Letter@KobeissiLetterPost on X ·

    BREAKING: SpaceX, $SPCX, is in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia amid "insatiable demand" among AI developers, per Bloomberg. The company is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to pay for the chips. The AI Revolution is even stronger than most people realize.

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  5. FT

    Financial Times@FTPost on X ·

    Elon Musk’s SpaceX is seeking to raise $40bn in a financing effort led by Apollo Global Management to purchase Nvidia chips as the AI and rocket group amplifies its bet on the chipmaker’s advanced technology. https://t.co/RfsSe6MtBT https://t.co/GTsEnUsy0e

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  6. TE

    Techmeme@TechmemePost on X ·

    Sources: Broadcom has been working to arrange more than $50B in financing for OpenAI's custom AI chip; Oracle is in talks on financing for a big chip purchase (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)

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  7. CB

    Coin Bureau@coinbureauPost on X ·

    🚨JUST IN: Broadcom and Wall Street GIANTS are reportedly lining up over $110 BILLION for BOTH OpenAI and Anthropic chips. Broadcom is arranging over $50 BILLION for OpenAI's custom chips, with Apollo and Blackstone among lenders in early talks, per WSJ. Another $60 BILLION package would fund chips for Anthropic and others, with Blackstone leading $18 BILLION of it, per Bloomberg. Oracle is also in talks with Apollo and Goldman Sachs to fund a big chip purchase, per WSJ. Meanwhile, SpaceX is seeking $40 BILLION for Nvidia chips, per FT.

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  8. BL

    Bloomberg@businessPost on X ·

    Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia, underscoring the insatiable demand among AI developers for more computing power https://t.co/QbPWTiUa6T

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  9. CO

    Cointelegraph@CointelegraphPost on X ·

    🚨 LATEST: Oracle, Broadcom and SpaceX are seeking debt deals worth tens of billions of dollars each to fund AI chips, with Apollo, Blackstone and Goldman Sachs among lenders in talks. https://t.co/7o4EzgwMbw

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  10. EV

    Evan@StockMKTNewzPost on X ·

    Broadcom $AVGO has been working to arrange more than $50 billion in financing for OpenAI’s custom AI chip - WSJ https://t.co/2vMksMw9sN

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  11. R�

    RuntimeWire 🏴‍☠️@runtimewirePost on X ·

    Broadcom is arranging more than $50 billion in financing for the custom AI chip it's developing with OpenAI, per Bloomberg. Apollo and Blackstone are among the lenders in talks. The debt would back OpenAI's Jalapeno chip program, not a new equity round — terms unconfirmed. https://t.co/5gSwbHB3ad

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  12. WS

    Wall St Engine@wallstenginePost on X ·

    BROADCOM SEEKS $50B+ IN FINANCING FOR OPENAI’S CUSTOM AI CHIPS: WSJ Apollo and Blackstone are among the lenders $AVGO has approached about participating. The financing could cover several gigawatts of chip capacity, with a deal expected before year-end. Discussions remain early, and the amount could change. OpenAI’s chip program is internally known as “Nexus,” with its first two generations named “Jalapeño” and “Serrano.” The companies previously announced a partnership to develop 10 GW of custom AI chips using Broadcom’s networking technology, with deployments planned from the second half of 2026 through 2029. The financing push comes as OpenAI looks to own more of its computing infrastructure to lower costs and reduce reliance on cloud providers. Source: WSJ.

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  13. CB

    Coin Bureau@coinbureauPost on X ·

    🚨JUST IN: Musk's SpaceX is seeking $40 BILLION for Nvidia chips, after reportedly pitching investors with SPACE pictures. Investors approached earlier say they got a two-page memo with pictures of outer space, saying SpaceX would build data centres "somewhere in the universe," per FT. The new deal, led by Apollo, would be about $10 BILLION in bank loans and $30 BILLION in investment-grade debt.

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  14. WS

    Wall St Engine@wallstenginePost on X ·

    $SPCX SEEKS $40B TO FUND MASSIVE $NVDA CHIP PURCHASE: FT SpaceX is looking to raise about $40B in financing led by Apollo to fund purchases of Nvidia chips. The plan includes roughly $10B in bank loans and $30B in investment-grade debt, with the transaction expected to close in 2027. Elon Musk said in August that SpaceX had “decided to build exclusively on Nvidia,” specifically pointing to its Vera Rubin architecture, as the company ramps spending on AI and data-center infrastructure.

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  15. *B

    *Walter Bloomberg@DeItaonePost on X ·

    *ORACLE, BROADCOM, SPACEX SEEK DEBT DEALS FOR AI CHIPS: WSJ

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  16. TE

    Techmeme@TechmemePost on X ·

    Sources: SpaceX is seeking to raise $40B, including ~$10B in bank loans and ~$30B in investment-grade debt, to purchase Nvidia chips, in a deal led by Apollo (Financial Times) (Visit Techmeme dot com for the link and full context!)

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  17. 阳明

    阳明AI@x_autonomyPost on X ·

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