Sources: Broadcom has been working to arrange more than $50B in financing for OpenAI's custom AI chip; Oracle is in talks on financing for a big chip purchase

Apollo, Blackstone and Goldman Sachs among lenders in talks to finance megadeals worth tens of billions of dollars apiece

Wall Street Journal 2026-10-07

Context & Ripple Effects

Broadcom’s role has been expanding from chip supplier to financier: OpenAI and Broadcom had discussed funding initial custom-chip production in May, with Microsoft purchasing about 40% of the chips as a condition, while Apollo and Blackstone were already in talks over roughly $35 billion of development financing. The companies also co-designed the Jalapeño inference chip.

The reported OpenAI financing effort follows Broadcom’s $60 billion chip-financing push for Anthropic and other infrastructure buyers and its confirmed commitment to lend Anthropic up to $42 billion through convertible notes. Oracle’s financing talks point to the same constraint: large AI-chip orders increasingly require tailored capital structures, not just purchase orders.

First-order effects

OpenAI and Broadcom are seeking a financing structure for more than $50 billion of custom-chip production, potentially shifting a major upfront funding burden from OpenAI to a lender group that includes Apollo, Blackstone, and Goldman Sachs.
Oracle’s talks to finance a large chip purchase would give the company another route to secure infrastructure capacity without relying solely on its own balance sheet.

Second-order effects

Private-credit firms gain a larger role in determining which AI developers and cloud operators can convert chip demand into deployed capacity, alongside Broadcom’s existing lender discussions for a $60 billion AI-chip facility.
Broadcom’s financing capacity becomes a competitive differentiator: it can pair custom silicon with capital for buyers such as OpenAI and Anthropic, rather than competing only on chip design and supply.

Third-order effects

If these structures close and recur, AI-chip procurement will move toward a silicon-credit stack in which chip vendors, private lenders, and infrastructure buyers share the cost and risk of multibillion-dollar capacity commitments.
The resulting concentration of financing among a small set of lenders and chip suppliers would make access to credit an increasingly important gatekeeper for frontier-model infrastructure.

The trend: AI infrastructure is becoming finance-led, with custom-chip supply increasingly bundled with private-credit arrangements sized for data-center-scale commitments.

Discussion

@elonmusk Elon Musk on x
@wholemars Just discussions, but something may come of it
@elonmusk Elon Musk on x
@herbertong @thejefflutz No, we will build and run the fab. Let there be ZERO doubt about that. Maybe TSMC subleases part of the Terafab if they want, but nothing more than that.
@thejefflutz Jeff Lutz on x
@elonmusk @herbertong Makes sense and this creates immediate favorable leverage for Tesla/Spacex well before Terafab starts production
@the_ai_investor @the_ai_investor on x
Lol so all of the tsmc related rumors are false
@amy787 Amy on x
Solving the chip constraint is necessary for both Tesla and SpaceX. End the idea right now that any other company will build and run the Terafab. It will be owned & operated by SpaceX/Tesla. “No, we will build and run the fab. Let there be ZERO doubt about that.
@business @business on x
Intel will continue to work with Elon Musk on Terafab, an audacious attempt by the trillionaire to break into the production of cutting-edge chips, according to Chief Executive Officer Lip-Bu Tan. https://www.bloomberg.com/...
@mzuhair123 Muhammad Zuhair on x
Nothing surprising here. The TSMC-TeraFab talk rumors were based on the wrong idea, which doesn't support Elon's ambitions of vertically integrating the supply chain. Intel's the primary partner, let there be no confusion in it.
@mark_k Mark Kretschmann on x
SpaceX is reportedly seeking $40 BILLION just to buy Nvidia chips. 🔥 That's hardware alone, before the electricity, cooling and facilities needed to run it. According to Reuters, citing the Financial Times, Apollo is arranging roughly $10 billion in bank loans and another $30 bil…
@cosmic_andrew1 Andrew on x
Lmao
@annmarie Annmarie Hordern on x
FT: Elon Musk's SpaceX is seeking to raise $40bn to purchase Nvidia chips as the AI and rocket group amplifies its bet on the chipmaker's advanced technology.
@kakashiii111 @kakashiii111 on x
SpaceX raised $100B as of the end of June 2026, and yet they look to borrow $40 billion, just less than 4 months after having such an amount, to buy more Nvidia chips? Nothing surprising. Elon is not rational when it comes to spending money and buying chips. Buy chips first, buil…
@staunovo Giovanni Staunovo on x
SpaceX looks to raise $40bn to buy Nvidia chips in financing led by Apollo Blockbuster debt deal is the latest sign of the vast spending on chips and other infrastructure underpinning AI https://www.ft.com/...
@lewjackk Lewis Jackson on x
Investors “received a short two-page deal memo with pictures of outer space and an arrowing point out that the company was going to build data centers ‘somewhere in the universe’ Amazing detail on the SpaceX financing in the FT https://www.ft.com/...
@gradientintern @gradientintern on x
so $40 billion out of $690 billion projection from $NVDA will be from $SPCX at least with this debt raise. did SpaceX already allocate the $75 billion from ipo + $10 billion from greenshoe? rip consumer tech after the rest of the AI IPOs kek
@the_ai_investor @the_ai_investor on x
SPCX, NVDA: $40B financing led by Apollo to buy Nvidia chips + SpaceX plans to raise $40B to buy Nvidia AI chips, per the Financial Times via Reuters on Oct 6. The plan is about $10B in bank loans plus $30B in investment grade debt, led by Apollo, with Pimco among the lenders in …
@edzitron Ed Zitron on x
Why isn't this closing until 2027?
@alexgibneyfilm Alex Gibney on x
Note: @elonmusk is trying to raise $40 billion in debt to buy NVIDIA chips. Here's the sloppy stoner way he makes his pitch: (from the FT)
@jg_nuke @jg_nuke on x
Another $40 billion borrowed from somebody's retirement to pay for datacenters...innnnnn spaaaaace!!!
@rohanpaul_ai Rohan Paul on x
Bloomberg: SpaceX is in early talks to borrow $40B for Nvidia chips, with Apollo Global Management leading. The package would pair about $10B in bank loans with $30B of investment-grade debt and should close in 2027, according to the Financial Times. Musk has earlier said SpaceX …
@cb_doge @cb_doge on x
BREAKING: SpaceX is reportedly looking to raise $40 billion to buy NVIDIA chips in financing led by Apollo. The planned package includes $10B in bank loans and $30B in investment-grade debt, as per Financial Times. There is no confirmation from Elon Musk and SpaceX on this yet.
@lihong062 Lihong on x
suggested at dinner that valuations may be stretched right now (didn't even used the b-word) and got told that my lack of faith was disturbing
@sindap Sujeet Indap on x
Moody's and S&P rated this company as investment grade and its debt is going to be all over retirement and annuity accounts:
@edzitron Ed Zitron on x
Bahahahahahhaah
@okane.fyi Sean O'Kane on bluesky
SpaceX is basically daring lenders to pony up $40 billion so it can buy Nvidia chips on what sounds like a cocktail napkin — www.ft.com/content/d3f5... [image]
r/wallstreetbets r on reddit
SpaceX looks to raise $40bn to buy Nvidia chips in financing led by Apollo
r/BetterOffline r on reddit
Oracle, Broadcom and SpaceX Seek Blockbuster Debt Deals to Pay for AI Chips
r/wallstreetbets r on reddit
What could go wrong? Big players in AI are lining up a series of blockbuster financing deals to pay for computing hardware

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