AIFinancial Times1h ago
SpaceX is seeking to raise $40B, including ~$10B in bank loans
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
TL;DRSpaceX is raising $40 billion to buy Nvidia chips, with Apollo leading the funding round.
Why it matters: Shows AI infrastructure costs are staggering enough to require unprecedented capital raises from major tech companies.
Blockbuster debt deal is the latest sign of the vast spending on chips and other infrastructure underpinning AI
Read full articleSource: Financial Times · Opens in new tab