SpaceX seeks $40 billion to buy Nvidia chips
SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday, citing people familiar with the matter.
The Elon Musk-led company is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to fund its chip order, the report said.
Apollo is expected to lead the deal and help sell the debt to a broad range of investors, with bond fund Pimco among lenders in talks to finance the transaction, FT reported.
