SpaceX Seeks $40 Billion Apollo-Led Financing to Buy Nvidia AI Chips
SpaceX wants to borrow $40 billion to buy chips from Nvidia. The Financial Times broke the story late Tuesday, and Bloomberg confirmed the talks with its own sources Wednesday morning, in what would rank among the biggest debt financings of the entire AI buildout. The proposed structure is straightforward, if not modest: roughly $10 billion in bank loans plus $30 billion in investment-grade debt, all to pay for one enormous Nvidia chip order. Apollo Global Management is expected to lead the financing and place the debt with a broad group of investors, with bond giant Pimco among the lenders in discussions. The FT put the expected closing in 2027. ...