SpaceX CEO Elon Musk said the company closed $40 billion in debt for graphics processing unit purchases, a financing claim that comes as its latest filing shows sharply higher quarterly capital spending.
Musk wrote on X on Oct. 25 that SpaceX had “closed $40B of debt for GPUs,” citing its investment-grade status and revenue from Starlink and launches. In a follow-up, he described the borrowing as “primarily callable” and said the processors would arrive in the first and second quarters, without specifying the years. He added, “Not a major factor this quarter,” without identifying what he meant. Musk did not name a rating agency.
The posts did not name lenders or provide pricing or maturity details. CNA said Musk’s wording left the pricing status and meaning of “closed” unresolved. CNA also reported that SpaceX Chief Financial Officer Bret Johnsen expected $35 billion to $40 billion in capital spending in the fourth quarter of 2026.
SpaceX reported $19.593 billion in capital expenditures for the three months ended Sept. 30, 2026, up from $6.880 billion in the same period a year earlier. Revenue rose 161% to $14.575 billion from $5.576 billion, with $7.560 billion generated by the Super Intelligence segment. The company reported $38.006 billion in aggregate principal debt outstanding on Sept. 30, before Musk’s post.
In its Form 10-Q, SpaceX said it was investing in Super Intelligence infrastructure and other growth plans, whose scale could change future capital needs. The new statement follows an earlier report on SpaceX’s proposed $40 billion Nvidia-chip financing plan.
The Sept. 30 filing predates Musk’s Oct. 25 post and does not detail the debt he described. Musk’s stated next timing marker is GPU delivery in Q1 and Q2; he did not identify the years.
