SpaceX seeks $40bn financing for Nvidia chip purchase
Summarised from 2 outlets · 3 reports · Updated 7 Oct, 18:24 · Archive
SpaceX is seeking $40bn in financing, led by Apollo, to purchase Nvidia processors.
SpaceX is seeking $40bn in financing to purchase Nvidia chips, in a deal led by investment firm Apollo. The financing underscores the vast capital being deployed on computer chips and other infrastructure supporting artificial intelligence development.
According to CNBC, SpaceX held a record-breaking initial public offering in June. Since then, yields on bonds related to SpaceX and other artificial intelligence companies have risen as rates sold off in the broader bond market.
How it is being reported
- SpaceX credit risk jumps on worries over its borrowing spreeLeap in credit default swaps tracking Elon Musk’s aerospace group follows an FT report that it is seeking to raise $40bn to buy Nvidia chipsFinancial Times · 7 Oct, 19:05
- Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchaseSince SpaceX's record-breaking IPO in June, rates have sold off, and yields on its bonds have risen, along with other AI-related bonds.CNBC · 7 Oct, 17:32
- SpaceX looks to raise $40bn to buy Nvidia chips in financing led by ApolloBlockbuster debt deal is the latest sign of the vast spending on chips and other infrastructure underpinning AIFinancial Times · 6 Oct, 23:28
In this story: SpaceX · Nvidia · Apollo
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