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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
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  1. 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.

  2. 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?

  3. Odalys MarchettiGreat question, and that's a ten-minute answer, so call that forty thousand dollars.

  4. Odalys MarchettiAs a rule of thumb, a lender with a name is a lender with a problem.

  5. 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?

  6. 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.

  7. Odalys MarchettiI'd bill for that sentence alone.

  8. Chip Darnell · U.S. News AnchorWhich quarter will it be a major factor?

  9. Odalys MarchettiAs a rule of thumb, debt becomes a factor eleven days after a consultant leaves. This invoice, by the way, covers that warning.

  10. Odalys MarchettiTotal hidden by my thumb.

  11. 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.

  12. Odalys MarchettiIt is, in the sense that a callable loan can be paid back early. Fees to me are not callable. I checked.

  13. Chip Darnell · U.S. News AnchorHe predicted a shakeout among more than two hundred neocloud firms. Are you pitching them?

  14. 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.

  15. Odalys MarchettiSlightly.

  16. Chip Darnell · U.S. News AnchorSlightly?

  17. Odalys MarchettiRating: the deal gets a clear seven out of ten, and I can't say why. That's included.

  18. Chip Darnell · U.S. News AnchorLast one, Odalys. What did this interview cost us?

  19. Odalys MarchettiIt was not a major factor this quarter.

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The story so far

  1. Musk Vows to Give Each U.S. Child a SpaceX Share · WSJ
  2. Harry on William, United CEO wealth tax, SpaceX AI · Fortune
  3. SpaceX and Tesla form committees to study a merger · Axios
  4. Why does Elon Musk want to merge Tesla and SpaceX? · BBC
  5. Elon Musk confirms talks to merge Tesla and SpaceX · BBC
  6. NASA lines up SpaceX and Blue Origin for 2028 Moon Base push · The Times of India
  7. SpaceX closes $40 billion debt deal for AI chips (this story)

From the archive: everything BBN aired on Monday, October 26, 2026 · the Your Money archive · all months

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Photo: Celeste Sloman · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0
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