Musk bets on Jen-Hsun Huang again! SpaceX reportedly raises US$40 billion to buy Huida AI chips

SpaceX, owned by Musk (left), is rumored to be raising US$40 billion to purchase chips from Huida Huang (right). (European News Agency)

[Financial Channel/Comprehensive Report] SpaceX (Space Exploration Technology Company) owned by the world's richest man Elon Musk is seeking to raise US$40 billion to purchase Nvidia chips. The plan is expected to be led by the investment management company "Apollo Global Management" (Apollo Global Management). The bond fund company Pimco is one of the few lenders involved in negotiations to provide funds for the transaction. The transaction is expected to be completed in 2027.

SpaceX is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to fund the chip order, the Financial Times reported on Tuesday (6th), citing people familiar with the matter.

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Apollo Global Management is expected to lead the transaction and assist in the sale of the debt to a broad range of investors.

Apollo Global Management and Pimco declined to comment. SpaceX and Huida did not immediately respond to requests for comment.

The report pointed out that the deal will further solidify the relationship between SpaceX and Huida. Musk has previously promised to further increase investment in Huida technology in his AI projects; and for Huida, the deal will also be a victory because Huida is facing increasing competition from chip manufacturers. These companies are trying to challenge Huida's dominance in the field of advanced semiconductors.

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