SpaceX seeks $40 billion to buy Nvidia chips, FT reports
SpaceX is seeking to raise $40 billion to purchase Nvidia chips, according to a report by the Financial Times. The financing effort, led by asset manager Apollo Global Management, involves $10 billion in bank loans and $30 billion in investment-grade debt, the report stated. Apollo is expected to lead the deal and assist in selling the debt to various investors, with bond fund Pimco among the lenders in discussions to finance the transaction.
The deal is anticipated to be finalized by 2027, as per the report. SpaceX, Apollo, Nvidia, and Pimco have not yet commented on the matter.
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- SpaceX seeks US$40bil to buy Nvidia chips freemalaysiatoday.com
- SpaceX seeks to raise $40 bln to buy Nvidia chips- FT investing.com
- SpaceX seeks $40 billion to buy Nvidia chips, FT reports channelnewsasia.com
- Sources: SpaceX is seeking to raise $40B, including ~$10B in bank loans and ~$30B in investment-grade debt, to purchase Nvidia chips, in a deal led by Apollo (Financial Times) ft.com
