Pimco Reportedly Takes $4 Billion Slice of SpaceX’s Giant GPU Financing Package
Pimco reportedly bought $4 billion of SpaceX's Apollo-led GPU financing package, placing a major bond manager behind Musk's 2027 compute expansion.
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Pimco reportedly bought $4 billion of SpaceX's Apollo-led GPU financing package, placing a major bond manager behind Musk's 2027 compute expansion.
SpaceX has committed to a roughly $40 billion Nvidia GPU lease. The deal shows how Starlink and launches are financing Musk's terrestrial AI buildout.
SpaceX is planning its biggest launch site yet: a 125,000-acre Louisiana complex with 10 pads, on-site propellant production and a first Starship launch targeted as early as 2029.
SpaceXAI will use NVIDIA Vera CPUs for Grok's agent workloads and adapt a Vera Rubin NVL72 system for its first Starmind satellite. Elon Musk says launch is targeted for Q4 2027, with significant scale planned in 2028.
New SEC filings show Nvidia held nearly $21 billion in SpaceX stock and Harvard held $2.21 billion at June 30—with SpaceX dominating Harvard's reported U.S. equity portfolio.
Tesla's Project Crystal Sun application lays out a 3,000-acre, vertically integrated solar-cell factory near Houston with 9,712 projected permanent jobs—but Texas has not won the project yet.
SpaceX and Tesla say Terafab will be built in Grimes County, Texas, with an estimated $16.8 billion initial phase, at least 3,000 jobs, and chip production planned for Cybercab, Optimus, and orbital data centers.
SpaceX shares have surrendered nearly half their post-IPO peak while Tesla dropped more than 18% in a week. Both companies now face the same test.
Tesla shares just suffered their steepest one-day fall in more than a year. The Q2 filing shows why Wall Street flinched and where Tesla plans to put more than $25 billion.
The Texas Comptroller just recommended approving every Terafab AI tax incentive application tied to a massive Grimes County semiconductor plant. The deals still need school-board and Governor sign-off, but for Tesla watchers focused on chip independence, this is a real step.