Musk said SpaceX closed $40 billion in GPU financing

On October 25, 2026, Elon Musk said SpaceX had closed $40 billion in debt financing for GPUs, describing it as primarily callable debt. He said the GPU purchases were expected to arrive in Q1 and Q2 2027. The statement follows NeoTeo’s earlier coverage of the Meta and SpaceX $135 billion AI-funding headline.

What Musk said about the financing

Musk described the borrowing as primarily callable debt, a form of borrowing that can be called for repayment under its terms. He cited SpaceX’s investment-grade status and revenue from Starlink and launch operations as support for its ability to borrow.

The GPU arrival window and Q4 spending forecast

Musk expected the GPU purchases to arrive in Q1 and Q2 2027. SpaceX CFO Bret Johnsen separately forecast $35 billion to $40 billion in capital expenditures for Q4 2026, citing additional capacity expected to come online during the quarter. The $40 billion figure is debt financing Musk tied to GPU purchases; Johnsen’s range is a forecast of SpaceX’s capital spending for Q4.

SpaceX already had computing infrastructure

SpaceX had computing infrastructure before the GPU purchases Musk described. Tom’s Hardware reported that Colossus 1 had more than 220,000 Nvidia GPUs and over 300 MW of computing capacity, and that Anthropic had secured access to it.