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Back|SpaceX, Musk aims to raise 40 billion dollars to buy Nvidia chips
SpaceX, Musk aims to raise 40 billion dollars to buy Nvidia chips
Developing
Sky TG24·56 minutes ago·Business·1 min read·🇮🇹Italy·

SpaceX, Musk aims to raise 40 billion dollars to buy Nvidia chips

Elon Musk's company aims to raise $10 billion in loans and $30 billion in bonds in a deal led by Apollo Global Management.

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SpaceX aims to raise $40 billion through loans and bonds, in a deal led by Apollo Global Management, to finance the purchase of Nvidia chips and boost artificial intelligence infrastructure.

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Why It Matters

SpaceX is seeking funding to upgrade infrastructure to support artificial intelligence.

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SpaceX, Elon Musk's company, is trying to raise $40 billion in a financing operation led by Apollo Global Management to buy Nvidia chips, thus strengthening its bet on the Santa Clara manufacturer's advanced technology.

Sources close to the matter tell the Financial Times that the company is looking to raise around $10 billion in bank loans and $30 billion in investment-rated bonds to finance its order.

Private equity group Apollo is expected to lead the deal and help sell the debt to a wide range of investors. The Pimco bond group is among the few lenders in talks to finance the deal, sources said. The transaction is expected to close in 2027.

Apollo and Pimco declined to comment.

SpaceX's funding plans highlight the large sums being raised to fund investments in data centers, chips and other infrastructure to support artificial intelligence.

Thanks to its BBB credit rating, the second lowest in the investment grade category, insurance and pension funds could buy SpaceX's debt.

What to Watch

AI outlook — possibilities, not facts

  • Conclusion of the financial transaction in 2027

    Likely · Within months

Open Questions

  • ?What will be the exact terms of the debt?
  • ?How will the Nvidia chips ordered be distributed?

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This article was originally published by Sky TG24.

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SpaceX aims to raise $40 billion through loans and bonds, in a deal led by Apollo Global Management, to finance the purchase of Nvidia chips and boost artificial intelligence infrastructure.

AI-generated summary

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Emotional intensity
High
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Moderate
Global impact
Global
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Developing
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Very likely
Relevance window
Weeks

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Source
Sky TG24
Story type
Hard news
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Full
Published
56 minutes ago
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spacex
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Elon Musk
SpaceX
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Apollo Global Management
Financial Times
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apollo global management
pimco
elon musk
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