AI-generated summary
Elon Musk announced last month that he wanted to massively increase the number of AI chips used by Nvidia. In August, Nvidia launched financing platforms with partners such as Apollo and BlackRock to mobilize more than $500 billion for AI infrastructure projects.
Elon Musk's space company SpaceX is apparently planning to buy AI chips from Nvidia worth $40 billion. This is reported by the Financial Times, citing several insiders. Accordingly, SpaceX wants to take out around $10 billion in bank loans and raise $30 billion through bonds. 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.
Musk, who also heads the AI company xAI, announced last month that he wanted to massively increase the number of chips used by Nvidia. For its part, Nvidia, the leading provider of AI processors, launched financing platforms in August with partners such as Apollo and BlackRock to mobilize more than 500 billion dollars for AI infrastructure projects.
This article will continue to be updated.
AI outlook — possibilities, not facts
Financing for the purchase of Nvidia AI chips is expected to be completed in 2027.
Possible · Within years
In Singapore, IMF chief Kristalina Georgieva warned of continued high energy prices due to the Iran war and rising winter demand, even if the conflict ends soon. She called for a more restrictive monetary policy and criticized the lack of budget consolidation in highly indebted industrialized countries.

Oil prices rise above $101 a barrel of Brent oil due to a tropical storm in the Gulf of Mexico and a missile attack by the Houthi militia in Yemen. This is weighing on Asian stock markets while US indices such as the S&P 500 and Nasdaq 100 are hitting new highs. The DAX is expected to open slightly as investors await French bond yields, German industrial production data and Fed minutes.

On Wednesday, investors are hoping for new impetus from US interest rates. At the same time, developments on the bond markets continue to determine trading. The Dax closed Tuesday up 0.8 percent at 25,449 points, but was in the red before trading started. Investors await September Fed minutes, ECB speeches and German manufacturing data. In Asia, rising oil prices and geopolitical tensions weighed on markets, while US indices hit record highs. The US government is increasing a ten-year government bond by $39 billion.
China has criticized Germany and France for calling for new European safeguards against unfair trade practices. Chancellor Friedrich Merz and French President Emmanuel Macron had jointly spoken out in favor of new protective instruments, with China suspected to be the background. The EU accuses China of state subsidies and overcapacity that make it difficult for European companies to compete.

The China shock has a double impact on the German economy: cheap imports are flooding markets and the Chinese market is becoming unattractive for European companies. The German car industry in particular is suffering, while VW, BMW, Mercedes, Audi and Porsche together recorded a 27 percent decline in sales in China.

The flood of cheap Chinese products in Europe and the simultaneous collapse of German companies' business in China are presenting companies with a fundamental economic turning point, as the Handelsblatt article shows.