SpaceX shares dip on report of $40 billion financing plan for Nvidia chips as Ives sets $225 target
AI Market Summary
Reports that SpaceX is pursuing roughly $40B in financing to buy Nvidia chips introduce balance-sheet and execution risk alongside strong recent operating momentum. The package’s scale and long timeline to 2027 can pressure sentiment near-term despite rapid revenue and EBITDA growth, expanding Starlink subscriber base, and accelerating AI segment profitability. A bullish analyst initiation reinforces longer-term strategic synergy, but leverage and capex intensity remain key market focus.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT-0.80%
AI Insight · NCSKSPCX2USD/USDTAI Insight
● Neutral
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SpaceX is reportedly seeking $40 billion in financing to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with completion expected during 2027. The company’s second-quarter revenue rose 92% year over year to $7.81 billion, while adjusted EBITDA jumped 191% to $3.54 billion. Analyst Daniel Ives initiated coverage with an Outperform rating and a $225 price target.
