SpaceX’s $40 billion AI bet: Elon Musk turns to banks and investors for Nvidia chips
Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia Corp., people familiar with the matter said, underscoring the insatiable demand among AI developers for more computing power.
Pacific Investment Management Co. is one of the investment managers looking at the deal, said the people, who spoke on condition of anonymity as the talks are private.
