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SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports
SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter. The Elon Musk-led company is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the chip order, the report said. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs The proposed funding underscores the enormous capital requirement of the AI boom, as tech companies race to secure advanced processors and build out the computin...
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