Autumn Budget

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Will the Autumn Budget prove the Government is serious about UK innovation? Startups Magazine · 13

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2026

7 Oct Will the Autumn Budget prove the Government is serious about UK innovation?

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United Kingdom Government deploys this regulation · 1 source

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TLDRocket 7 October 2026

The biggest story today wasn’t a model—it was the money and power required to run them. SpaceX is reportedly negotiating about $40 billion in financing to buy Nvidia chips for its expanding AI data centers, with Apollo Global Management leading a mix of roughly $10 billion in bank loans and $30 billion in investment-grade bonds, expected to close in 2027. That comes as the U.S. grid starts reshaping itself around AI demand: planned gas capacity through 2030 rises to 60.4 gigawatts, nearly triple from early 2023, even as many communities try to slow down the datacenter buildout. In the background, OpenAI’s fundraising talks—at a fixed $1.4 trillion pre-money valuation, anchored by UAE funds and BlackRock—signal how aggressively capital is stacking up for compute.

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