FCC approves 15,000 additional Starlink satellites for SpaceX
FCC approves SpaceX's request for 15,000 additional Starlink satellites.
Event / Technology
SpaceX Data Center Expansion
SpaceX seeks $40 billion in financing to purchase Nvidia AI chips for expanding data centers generating billions in monthly revenue from AI computing contracts. Company targets $100 billion annual recurring revenue with plans for 10 gigawatts of compute capacity by end of 2027. FCC approved 15,000 additional Starlink satellites.
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2026-10-08 to 2026-10-30 · UTC publication dates
Coverage begins 8 Oct, 02:07 UTC
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What happened
SpaceX stock declines following $40 billion debt financing announcement
SpaceX stock slipped approximately 2-4% in early trading on October 8 following reports of the company's planned $40 billion debt issuance for Nvidia chip purchases, as investors weighed the aggressive AI spending against the revenue being generated by the computing business.
SpaceX's Memphis data centers generate billions in monthly AI computing revenue
SpaceX operates two data centers in Memphis, Tennessee, known as Colossus 1 and Colossus 2, which are generating billions of dollars in monthly recurring revenue from AI computing services. The company has contracted with major customers including Anthropic for $1.25 billion per month and Google for $920 million per month for GPU access. SpaceX also signed an agreement with Reflection AI for $150 million monthly.
SpaceX targets $100 billion annual recurring revenue with new AI hosting deal
SpaceX CFO Bret Johnsen disclosed that the company is on track to reach $100 billion in annual recurring revenue. The company closed another hosting agreement expected to generate approximately $1.11 billion in monthly revenue beginning December 1, 2026, representing roughly $13 billion in additional annual recurring revenue from AI compute services.
SpaceX commits exclusively to Nvidia architecture for AI infrastructure
During SpaceX's second-quarter earnings call, CEO Elon Musk stated that SpaceX has decided to build exclusively on Nvidia's Vera Rubin architecture, which he believes is the best AI computer. SpaceX expects its cumulative compute capacity to approach 10 gigawatts by the end of 2027.
SpaceX receives FCC approval for additional 15,000 Starlink satellites
SpaceX won regulatory approval from the FCC to launch an additional 15,000 satellites into orbit for its Starlink Mobile service, expanding the company's satellite internet constellation.
SpaceX seeks $40 billion in debt financing to purchase Nvidia AI chips
SpaceX is reportedly planning to raise $40 billion through debt financing to purchase artificial intelligence chips from Nvidia. The financing package would consist of approximately $10 billion in bank loans and $30 billion in investment-grade bonds. Apollo Global Management is leading the financing effort, with bond investor PIMCO among those considering participation in the deal. The transaction is not expected to close until 2027.
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SpaceX pursues $40 billion debt to expand AI infrastructure capabilities
SpaceX seeks $40 billion in debt to fund Nvidia chip purchases for AI infrastructure expansion.