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 roughly $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 said to be comparable to the company's annual revenue, meaning the financing would represent a substantial commitment relative to the cash the business generates today.

The reported move highlights how capital-intensive advanced computing has become. Nvidia's chips are central to training and running large-scale AI models, and access to them has become a competitive priority across aerospace, technology, and defense-adjacent industries. For SpaceX, the borrowing would signal an intent to deepen its computing capacity well beyond its launch and satellite operations.

For markets, the development matters on two fronts. It underscores continued demand for Nvidia's products, even as investors debate how durable that demand will prove. It also draws attention to SpaceX's willingness to take on significant debt ahead of any potential public listing. What to watch: whether the financing is confirmed, its terms, and how lenders weigh the risk of a capital raise on this scale.