SpaceX reportedly seeks $40B debt to buy Nvidia Rubin chips

SpaceX is reportedly looking to borrow $40 billion to procure 360,000 Nvidia Rubin AI accelerators and supporting infrastructure. The report comes via Tom's Hardware and is not confirmed by the company.

Why it matters: Financing GPU purchases with debt rather than equity or cash flow shows how capital-intensive frontier compute has become, and extends the trend of non-traditional players building large AI clusters. A buyer of this scale can also tighten Rubin supply for other customers.