40 billion mega deal: SpaceX is probably planning a massive investment in Nvidia chips

In order to expand its AI plans, SpaceX wants to raise $40 billion through loans and bonds, according to a media report. Deal secures Nvidia's supremacy and highlights the gigantic capital needs of the global AI boom.

According to a media report, Elon Musk's space company SpaceX wants to raise $40 billion to buy AI chips from technology leader Nvidia. The company led by Elon Musk wants to raise around $10 billion in bank loans and $30 billion in bonds, the “Financial Times” reported, citing several insiders.

The financing is led by the asset manager Apollo. The bond investor Pimco is also involved in the discussions. The transaction is expected to be completed in 2027. Statements from the companies mentioned were not initially available; Pimco declined to comment.

SpaceX shares gave up gains in after-hours trading following the report, falling 1.2 percent to $169.79. Nvidia shares rose slightly. The deal would strengthen ties between SpaceX and Nvidia after Musk promised to rely more on the company's technology in his AI initiatives. This would be an important achievement for Nvidia as the company comes under increasing pressure from competitors seeking to challenge its dominance in high-end chips.

The project underlines the enormous capital requirements of the boom in artificial intelligence. Tech companies are racing to find advanced processors and build the necessary computing capacity. Musk announced last month that he wanted to massively increase the number of chips used by Nvidia.

Nvidia, for its part, launched financing platforms with partners such as Apollo and BlackRock in August to mobilize more than $500 billion for AI infrastructure projects. The coalition said at the time that it would "create special capital pools on a significant scale at attractive conditions for Nvidia customers," reports the financial portal "Bloomberg".