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Markets Insider

SpaceX seeks $40 billion to buy Nvidia chips as satellite internet users reach 12 million

AI Market Summary
SpaceX is reportedly pursuing $40B financing to buy Nvidia chips and scale AI compute, alongside operational positives (Starship reaching orbit; Starlink subscribers doubled; revenue up 92% YoY). However, extremely high valuation multiples, heavy capex ($28.5B in 1H26) and deeply negative free cash flow, plus upcoming lockup expirations that may increase share supply, heighten downside-risk sensitivity and volatility around earnings and lockup dates.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT-0.68%
AI Insight · NCSKSPCX2USD/USDTAI Insight
● Neutral
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
SpaceX is seeking $40 billion in financing to buy Nvidia chips as it expands its AI infrastructure. The company’s satellite internet subscriber base has doubled to 12 million. Second-quarter revenue rose 92% year over year to $7.8 billion. Capital spending totaled $28.5 billion in the first half of 2026, with free cash flow at about negative $25 billion.
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