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.
Elon Musk's SpaceX is planning to raise US$40 billion to purchase Nvidia chips, according to a report by the Financial Times. The financing effort will be led by Apollo Global Management, an asset manager, and is expected to include bank loans worth US$10 billion and investment-grade debt totaling US$30 billion. Apollo is also anticipated to facilitate the sale of the debt to a diverse group of investors, with Pimco, a bond fund, being among the potential lenders.
The transaction is projected to be finalized in 2027. SpaceX, Apollo, Nvidia, and Pimco have not yet commented on the reported deal.
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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
- SpaceX seeks $40b for Nvidia chips: sources techinasia.com
