NEW YORK — A $40 billion financing effort to bankroll the next wave of artificial-intelligence compute is drawing Wall Street's eye back to Elon Musk's empire, as Goldman Sachs and Apollo work to syndicate a lease covering Nvidia's newest Vera Rubin GPUs — hardware destined for the AI buildout now housed under SpaceX — NASDAQ: SPCX.
According to reports circulating through the financial press, the banks are shopping pieces of the $40 billion equipment lease to institutional investors, some of whom have asked for stakes as large as $500 million before the deal is syndicated. The arrangement targets a close by the end of 2026, with equipment deliveries slated for the first half of 2027. The structure lets Musk's AI operations secure an enormous fleet of cutting-edge accelerators without tying up balance-sheet cash upfront — a financing playbook that has become standard for the hyperscale compute race, and one investors can read more about through outlets like CNBC.
Why It Lands on $SPCX
The deal matters to $SPCX shareholders because SpaceX — NASDAQ: SPCX — now includes xAI following their merger, folding Musk's frontier-AI ambitions into the same publicly traded entity that flies Falcon 9 and Starship. That makes compute capacity a core part of the SpaceX investment case rather than a side venture, and a $40 billion GPU pipeline is exactly the kind of commitment that underwrites the company's AI revenue story, building on the demand picture laid out when Musk pointed to a $100 billion-plus run rate.
The Tape
On the market-data front, $SPCX has been among the stronger large-cap names of the week, last quoted around $134 after a session that saw it climb better than 8 percent, trading firmly in the upper half of its post-listing range. Tesla — NASDAQ: TSLA — has moved in sympathy, changing hands near $358 after a gain of roughly 4 percent, as investors treat the two Musk tickers as linked expressions of the same autonomy-and-AI thesis. Chipmaker Nvidia ($NVDA) sits at the center of the trade as the supplier whose Vera Rubin parts the lease is built to finance, while the broader tape is reflected in the $QQQ and $SPY benchmarks.
