Your MoneyTHE INTERVIEW

SpaceX closes $40 billion debt deal for AI chips

Musk says the debt is mostly callable and funds GPUs due in the first half of twenty twenty-seven; lenders, rate and maturity remain unnamed.

On air: Chip Darnell on BBN After Hours
Published 3:16 AM ET, Monday, October 26, 2026

Photo: NASA · Public domain · Wikimedia Commons · altered by BBN

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Interviews“It was not a major factor this quarter.”Odalys Marchetti▶ Full · 1:27SpaceX's $40B Debt Deal: The $4,000-an-Hour Advisor Who Knows NothingInterviews · 3:16 AM ET

At a glance

First reported by CNBC: “SpaceX closes $40 billion debt deal for AI chips, Elon Musk says”, with reporting from investinglive, Teslanorth and Fox Business.
Covered on BBN on Monday, October 26, 2026, at 3:16 AM ET on BBN After Hours, by Chip Darnell.
Topics: Elon Musk, SpaceX, AI.
BBN covered this story before: NASA lines up SpaceX and Blue Origin for 2028 Moon Base push (October 25).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

CNBCSpaceX closes $40 billion debt deal for AI chips, Elon Musk says
investingliveMusk says SpaceX closed $40 billion GPU debt deal, predicts neocloud shakeout October 25, 2026 · facts used on air
TeslanorthElon Musk Says SpaceX Locked In $40B of GPU Debt as Lenders Pull Back October 25, 2026 · facts used on air
Fox BusinessSpaceX secures $40B in financing for GPUs as Elon Musk warns of AI cloud industry consolidation October 25, 2026 · facts used on air

What BBN said about it

Chip Darnell · U.S. News AnchorSpaceX says it closed forty billion dollars in debt to buy AI chips, and my first question is who lent it.
Chip Darnell · U.S. News AnchorJoining us is Odalys Marchetti of Lantern Ridge Advisory, who bills four thousand dollars an hour. Odalys, who are the lenders?
Odalys MarchettiGreat question, and that's a ten-minute answer, so call that forty thousand dollars.
Odalys MarchettiAs a rule of thumb, a lender with a name is a lender with a problem.
Chip Darnell · U.S. News AnchorSo you don't know. The interest rate and the maturity haven't been named either. Do you know those?
Odalys MarchettiNo, and that's the beauty of it. Musk wrote that the debt was not a major factor this quarter, and that's the whole reassurance, folks.
Odalys MarchettiI'd bill for that sentence alone.
Chip Darnell · U.S. News AnchorWhich quarter will it be a major factor?
Odalys MarchettiAs a rule of thumb, debt becomes a factor eleven days after a consultant leaves. This invoice, by the way, covers that warning.
Odalys MarchettiTotal hidden by my thumb.
Chip Darnell · U.S. News AnchorMusk also said it's mostly callable debt, so SpaceX can repay it before it's due. That sounds like good news for regular folks.
Odalys MarchettiIt is, in the sense that a callable loan can be paid back early. Fees to me are not callable. I checked.
Chip Darnell · U.S. News AnchorHe predicted a shakeout among more than two hundred neocloud firms. Are you pitching them?
Odalys MarchettiAll two hundred. Early, before they know they need a warning. As a rule of thumb, it's cheaper to be told you're doomed in advance.
Odalys MarchettiSlightly.
Chip Darnell · U.S. News AnchorSlightly?
Odalys MarchettiRating: the deal gets a clear seven out of ten, and I can't say why. That's included.
Chip Darnell · U.S. News AnchorLast one, Odalys. What did this interview cost us?
Odalys MarchettiIt was not a major factor this quarter.

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The story so far

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Oct 22Musk reportedly invests $1B in Skydance; Ohio ad fight · New York Post
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Oct 24Elon Musk's dangerous grip on outer space · The Verge
Oct 25NASA lines up SpaceX and Blue Origin for 2028 Moon Base push · The Times of India
Oct 26SpaceX closes $40 billion debt deal for AI chips (this story)
Oct 26Talarico leans into rivalry with Elon Musk in Texas Senate race · The New York Times

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SpaceX closes $40 billion debt deal for AI chips

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