SpaceX seeks $40 billion to buy Nvidia chips, FT reports
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.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- 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
