# Broadcom's $63B chip financing

AI & tech · Heat 3.3 / 10 · 2 shows · 17m airtime

On October 27, 2026, Broadcom lined up $63 billion in debt from major banks and Blackstone, and SpaceX agreed to lease $40 billion in chips from an Apollo-affiliated entity, both through off-balance-sheet special purpose vehicles. Reporting since has established that the $63 billion vehicle buys Broadcom chips and leases them back to Anthropic, on top of over $60 billion of other Anthropic SPVs. Citigroup and Bank of America are syndicating the Broadcom debt, and buyers are not yet assured. The discussion centers on whether speculative data center buildouts should be debt-financed and whether the banks can place the Broadcom debt with a long tail of buyers.

Page: https://boilpoints.com/point/broadcoms_63b_chip_financing_189632756

## Segments

- [The Information's TITV](https://boilpoints.com/u/theinformationstitv), 2026-10-27, 1:30 to 14:54: **Explains the SPV chip financing structure**. Brings on Gil Luria and Dakin Campbell to walk through the two financing structures: SPVs raise the debt, the AI companies lease the chips, and the debt stays off the debt line. Flags that Citigroup and Bank of America still have to syndicate the Broadcom debt and that buyers are not yet assured. New angle: Citigroup and Bank of America are syndicating the $63 billion Broadcom debt, and buyers are not yet assured.
- [Bloomberg Tech](https://boilpoints.com/u/bloombergtech), 2026-10-27, 15:29 to 19:14: **Walks through the lease-back mechanics**. Bloomberg Intelligence's Robert Shiffman walks through the mechanics of the $63 billion Broadcom vehicle: it buys Broadcom chips and leases them back to Anthropic, a funding alternative to unsecured bonds and equity. He argues the capital available is excessive and that circular financing should not be read negatively. New angle: The $63 billion vehicle buys Broadcom chips and leases them back to Anthropic, on top of over $60 billion of other Anthropic SPVs.