SpaceX Aims to Raise $40 Billion for Nvidia Chips

SpaceX, led by Elon Musk, is reportedly planning a massive financing round to secure Nvidia Corp.'s cutting-edge chips. According to the Financial Times, the aerospace and AI company aims to raise $40 billion, with Apollo Global Management Inc. spearheading the effort. The funding would include $10 billion in bank loans and $30 billion in investment-grade debt, highlighting the intense competition among AI developers for advanced computing power.

The deal, which unnamed sources say is expected to close in 2027, underscores the growing demand for high-performance chips in the AI sector. Apollo Global Management is anticipated to play a key role in selling the debt to investors, ensuring the transaction's success. This move by SpaceX reflects the company's ambitious push into AI-driven technologies, further solidifying its position in the rapidly evolving tech landscape.