TechThe Information47m ago
SpaceX Seeks to Raise $40 Billion From Apollo to Buy Nvidia Chips
TL;DRSpaceX is raising $40 billion to buy Nvidia chips for AI infrastructure.
Why it matters: Shows how capital-intensive AI compute is becoming and SpaceX's pivot toward AI as core business.
SpaceX, the AI and rocket company led by Elon Musk, is seeking to raise $40 billion to buy Nvidia chips in a financing round led by Apollo Global Management, the Financial Times reported on Tuesday. The deal is expected to close in 2027 and consist of around $10 billion in bank…
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