xAI Colossus SPV

A special-purpose vehicle that raised about $20 billion to buy NVIDIA GPUs and rent them to xAI for its Colossus 2 data center.

PrivateSpecial-purpose vehicle (assets in Memphis, Tennessee), United StatesMoney

Exposure ≈$20B: $20B funded, $0 committed, $0 contingent (a maximum, not an expected loss).

Money loops

xAI Colossus SPV → NVIDIA → xAI Colossus SPV

Buys from

Buys from NVIDIA
The SPV spends its money on NVIDIA GPUs for xAI's Colossus 2 data center in Memphis.
reported · Oct 2025 · FNEX

Money

Finances, through a vehicle, xAI · $20B
The SPV raised about $20B to buy GPUs and rent them to xAI.
reported · Oct 2025 · $7.5B equity and $12.5B debt · FNEX
NVIDIA invests in xAI Colossus SPV · $2B
NVIDIA put up to $2B of equity into the SPV that buys its GPUs for xAI.
reported · Oct 2025 · FNEX

Sources

xAI Secures $20 Billion in Funding with Nvidia's $2 Billion Strategic Investment FNEX, read Nov 12, 2026

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