{
  "id": 12848313,
  "title": "SpaceX in talks to raise US$40bil for Nvidia chips",
  "url": "https://urgent.news/2026/10/08/spacex-in-talks-to-raise-us-40bil-for-nvidia-chips-12848313",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T09:59:48.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/08/spacex-in-talks-to-raise-us-40bil-in-loans-for-nvidia-chips"
  },
  "original_language": "en",
  "account": "SpaceX is in discussions to raise US$40 billion to acquire AI chips from Nvidia, according to a Financial Times report. This follows the company's record-breaking IPO in which it raised US$86 billion just four months ago, demonstrating the intense demand for AI chips among tech firms. The report cited sources close to the talks, stating that SpaceX is planning to secure US$30 billion through new debt issuance and US$10 billion via banking loans. The surge in Nvidia shares has driven its market valuation closer to an estimated US$6 trillion, showcasing an unprecedented level of enthusiasm and investment in AI technologies. Ipek Ozkardeskaya, a senior analyst at Swissquote, commented on the situation, noting that the appetite for financing AI firms remains insatiable. Lombard Odier analysts have pointed out that the significant borrowing by AI companies is now competing directly with sovereign issuances for investor capital, contributing to the rising yields on government debt worldwide and increasing borrowing costs for countries and businesses.",
  "summary": "A Financial Times report says SpaceX is seeking US$30 billion through new debt and US$10 billion in bank loans.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "SpaceX in talks to raise US$40bil for Nvidia chips",
        "url": "https://urgent.news/2026/10/08/spacex-in-talks-to-raise-us-40bil-for-nvidia-chips",
        "published": "2026-10-08T09:59:48.000Z"
      },
      {
        "outlet": "Tom's Hardware",
        "title": "Former Groq engineers sue board over $20 billion Nvidia deal",
        "url": "https://urgent.news/2026/10/08/former-groq-engineers-sue-board-over-20-billion-nvidia-deal",
        "published": "2026-10-08T11:00:00.000Z"
      }
    ]
  },
  "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."
}