SpaceX looks to raise $40bn to buy Nvidia chips in financing led by Apollo
Blockbuster debt deal is the latest sign of the vast spending on chips and other infrastructure underpinning AI
SpaceX is in talks to raise $40 billion to purchase Nvidia chips, according to a report by the Financial Times on Tuesday. The financing effort, led by asset manager Apollo Global Management, is expected to involve $10 billion in bank loans and $30 billion in investment-grade debt. Apollo is anticipated to play a leading role in the deal, assisting in the sale of the debt to various investors, with Pimco among the lenders considering participation, the report stated.
The transaction is projected to conclude in 2027, though SpaceX, Apollo, Nvidia, and Pimco have not yet commented on the matter.
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- SpaceX seeks $40 billion to buy Nvidia chips, FT reports channelnewsasia.com
- SpaceX seeks to raise $40 bln to buy Nvidia chips- FT investing.com
