1. SpaceX Strikes $40B AI Chip Financing Deal
SpaceX said an Apollo Global Management affiliate will buy AI chips and server hardware and lease them back to the company, with total principal payments of about $40 billion over leases running just over five years. The deal, expected to close by year-end with deliveries starting in early 2027, underscores how heavily SpaceX is spending on compute to fund its AI ambitions alongside its space business.
Source: Reuters — https://www.reuters.com/business/media-telecom/spacex-enters-40-billion-deal-with-apollo-ai-chip-financing-2026-10-26/
2. Meta Launches $35B Stock Offering for AI
Meta launched public offerings of about $35 billion in common stock and convertible preferred stock to finance its AI expansion, Reuters reported Monday. The raise follows years of escalating data-center and model spending as Meta races OpenAI, Anthropic and Google, and it tests investor appetite for funding that build-out with new equity rather than debt alone.
Source: Reuters — https://www.reuters.com/legal/transactional/meta-launches-35-billion-stock-offering-fund-ai-expansion-2026-10-26/
3. Cadence Unveils Nvidia-Backed Chip-Design AI Models
Cadence Design Systems launched Maestro, a portfolio of AI models tuned for chip design and built in part on Nvidia’s open-weight Nemotron model, with Nvidia’s OpenShell safety technology. Customers can run the models in Cadence’s cloud, on public clouds, or entirely in-house, and Cadence cites up to 30% higher quality and five times better cost-efficiency than general-purpose models.
Source: Reuters — https://www.reuters.com/business/cadence-unveils-nvidia-backed-ai-models-that-chipmakers-can-run-in-house-2026-10-26/
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