SpaceX reportedly is looking to raise as much money as the company generates in revenue to buy Nvidia chips

SpaceX is reportedly in talks with banks and investors to borrow about $40 billion, with the proceeds intended to fund purchases of Nvidia chips, according to a Financial Times report. The figure is notable because it is roughly equivalent to the revenue the company generates in a year, meaning the financing would represent a substantial commitment relative to its current cash flow.

For markets, the story touches two themes that have driven sentiment in recent years: the scale of capital flowing into artificial intelligence infrastructure, and the role of private companies in that spending. Nvidia’s data-center business has been a key beneficiary of AI-related demand, so reports of large prospective orders can shape how investors think about the durability of that demand, even when no deal is confirmed.

What to watch: whether the financing is finalized, on what terms, and how the chips would be deployed. Details on lenders, interest costs, and any collateral arrangements would matter for assessing risk. Until confirmed, the report should be treated as an indication of intent rather than a completed transaction.