SpaceX, Broadcom and Oracle All Want Billions in AI Chip Debt at the Same Time
The talks would shift AI infrastructure costs onto lenders and investors as companies race to secure chips and data-center capacity without draining cash.
- On Thursday, The Wall Street Journal reported Broadcom is arranging more than $50 billion in financing for custom AI chips it is developing with OpenAI, part of a surge in capital deals to fund AI infrastructure.
- The AI build-out has prompted tech giants to seek new forms of financing as costs to outfit data centres surge, with demand for AI computing growing so rapidly that companies increasingly require outside capital rather than relying solely on operating cash flow.
- Apollo Global Management and Blackstone are participating in Broadcom's deal with an initial $35 billion tranche, while Oracle separately discusses financing with Apollo and Goldman Sachs, and SpaceX seeks about $40 billion in bank loans and investment-grade debt for Nvidia chips.
- Oracle aims to complete its financing deal as early as this year, while SpaceX's $40 billion financing is expected to close in 2027, as AI infrastructure becomes a major credit market with private-equity firms and asset managers financing hardware costing billions before generating revenue.
- Corporate borrowing by AI companies now competes with U.S. Treasuries for long-term capital, as 10-year yields hit about 5.36% on October 7, 2026, while AI-related bond sales reached $489 billion in 2026 alone, already exceeding all of 2025.
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SpaceX, Broadcom and Oracle All Want Billions in AI Chip Debt at the Same Time
Three AI giants are racing to lock in tens of billions in long-term debt to buy chips that will be obsolete before the loans mature, and only one of them will have to answer for it if the bet goes wrong.
Broadcom (NASDAQ: AVGO), Oracle (NYSE: ORCL) And SpaceX Seek Tens Of Billions In Private Credit To Fund AI Chip Build-Out
Broadcom (NASDAQ: AVGO) has been working in recent weeks to arrange more than $50 billion in financing for a custom AI chip it is developing with OpenAI. Apollo Global Management and Blackstone are among the lenders Broadcom has approached, though talks remain early and the final size of the deal could change. Oracle (NYSE: ORCL) […]
Morning Bid: Sovereign bonds shouldered aside as AI takes their turf
Oct 8 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole Sovereign borrowers are no longer the big boys on the block as AI giants increasingly invade their turf. The Wall Street Journal reports Broadcom is lining up $50 billion of financing to buy gear from OpenAI, with Oracle also seeking an unspecified sum. Sources say SpaceX alone is looking to issue $30 billion in investment-grade debt, along with a cool $10…
The deployment of AI infrastructure – aimed at supporting the proliferation of software and services – has led technological giants to seek new forms of financing
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