{
  "id": 12506413,
  "title": "SpaceX seeking to raise US$40 billion to buy Nvidia chips: Financial Times",
  "url": "https://urgent.news/2026/10/07/spacex-seeking-to-raise-us-40-billion-to-buy-nvidia-chips-financial",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T00:25:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/spacex-seeking-to-raise-us40-billion-to-buy-nvidia-chips-financial-times"
  },
  "original_language": "en",
  "account": "Elon Musk's SpaceX is reportedly seeking to raise US$40 billion in financing to purchase Nvidia's chips, according to the Financial Times. The company plans to finance the purchase with US$10 billion in bank loans and US$30 billion in investment-grade debt, sources familiar with the matter told the newspaper. The transaction, expected to be led by Apollo Global Management, is anticipated to be finalized by 2027. The financing move comes amid a surge in investments and borrowing by tech companies and AI developers to build and lease vast data centers filled with chips to power AI systems. This growing demand has caused the costs of land, chips, and power-generation equipment to skyrocket, leading to numerous massive financing deals. Neither SpaceX nor Nvidia responded to requests for comment on the report, though SpaceX shares fell slightly in postmarket trading following the Financial Times' announcement.",
  "summary": "Apollo Global Management is expected to lead the deal and help sell the debt to investors.",
  "key_points": [
    "SpaceX aims to raise US$40 billion for Nvidia chip purchase.",
    "Financing includes US$10B loans and US$30B debt.",
    "Transaction expected to be completed by 2027."
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/12506413.png",
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "SpaceX looks to raise $40bn to buy Nvidia chips in financing led by Apollo",
        "url": "https://urgent.news/2026/10/06/spacex-looks-to-raise-40bn-to-buy-nvidia-chips-in-financing-led-by",
        "published": "2026-10-06T22:28:55.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "SpaceX seeks $40 billion to buy Nvidia chips, FT reports",
        "url": "https://urgent.news/2026/10/06/spacex-seeks-40-billion-to-buy-nvidia-chips-ft-reports-12488313",
        "published": "2026-10-06T22:38:26.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "SpaceX seeks $40 billion to buy Nvidia chips, FT reports",
        "url": "https://urgent.news/2026/10/06/spacex-seeks-40-billion-to-buy-nvidia-chips-ft-reports",
        "published": "2026-10-06T22:48:58.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "SpaceX seeks US$40bil to buy Nvidia chips",
        "url": "https://urgent.news/2026/10/06/spacex-seeks-us-40bil-to-buy-nvidia-chips",
        "published": "2026-10-06T23:29:00.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "SpaceX seeks $40b for Nvidia chips: sources",
        "url": "https://urgent.news/2026/10/07/spacex-seeks-40b-for-nvidia-chips-sources",
        "published": "2026-10-07T00:26:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}