SpaceX seeks US$40bil to buy Nvidia chips
The Elon Musk-led company plans to raise about US$10 billion in bank loans and US$30 billion in investment-grade debt to fund its purchase of Nvidia chips.
SpaceX is planning to raise US$40 billion to purchase Nvidia chips, according to a report by the Financial Times. The financing effort is being led by asset manager Apollo Global Management, with the Elon Musk-led company seeking to raise about US$10 billion in bank loans and US$30 billion in investment-grade debt. Apollo is expected to help sell the debt to a broad range of investors, with bond fund Pimco among the lenders in talks to finance the transaction. The deal is expected to close in 2027.
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Also reported by 5 other outlets
- 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
- SpaceX seeks $40b for Nvidia chips: sources techinasia.com
