Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX’s artificial intelligence chips, Bloomberg News reported on Wednesday.
The two firms have begun approaching potential buyers for the multi-tranche financing, with some investors being asked to purchase stakes of up to $500 million ahead of the formal syndication process, according to the report, which cited people familiar with the matter.
The deal is structured to keep debt off SpaceX’s balance sheet and is described as the largest arrangement of its kind for graphics processing units on record. That structure matters because it would let SpaceX expand its computing capacity without loading the same borrowing directly onto its own books, while investors take on exposure to the hardware and lease payments behind it.
SpaceX said in October that an affiliate of Apollo Global Management would buy AI chips and server hardware and lease them to the company in a deal involving about $40 billion in principal payments. Those leases will run for a little over five years from delivery of the equipment, which is expected in the first half of 2027, and are aimed at financing SpaceX’s growing computing needs as it expands its AI business.
The reported syndication effort comes at a moment of intense scrutiny of AI infrastructure spending. Chipmakers and cloud providers have committed vast sums to data centres and accelerators, and investors have begun asking more pointed questions about how quickly that spending turns into revenue. A financing of this size, even one kept off the borrower’s balance sheet, is therefore a test of appetite for AI hardware risk as well as a signal of how far SpaceX intends to push beyond rockets and satellite internet.
Important caveat: this story rests on a single report that has not been independently verified. Reuters, which reported Bloomberg’s account, said it could not independently verify the report. Goldman Sachs declined Reuters’ request for comment, while Apollo Global Management and SpaceX did not immediately respond. No final terms, investor list or timetable for formal syndication have been confirmed, and the talks described could change or fall through.
If confirmed, the deal would underline how the AI build-out is increasingly being financed through complex, large-scale structures involving banks, private-credit firms and specialist investors, rather than through straightforward corporate borrowing alone. For now, it remains a reported negotiation, not a completed transaction.
Sources: Reuters, “Goldman, Apollo seek buyers for $40 billion SpaceX AI chip deal, Bloomberg News reports”, 4 November 2026 — https://www.reuters.com/legal/transactional/goldman-apollo-seek-buyers-40-billion-spacex-ai-chip-deal-bloomberg-news-reports-2026-11-04/
