US – FT: SpaceX aims to raise $40 billion to buy Nvidia chips

WASHINGTON, 7 October /ATSH-ANSA/ – The space company SpaceX, led by Elon Musk, aims to secure about $40 billion in financing for the purchase of advanced artificial intelligence chips from Nvidia, the Financial Times reported.

According to the report, the financing will be led by Apollo Global Management and will include about $10 billion in bank loans and $30 billion in investment-grade debt. The transaction is expected to be completed in 2027.

The large bond fund manager Pimco is also involved in the financing negotiations.

The extraordinary deal shows the ever-larger scale of investment companies are making to secure the chips, data centres and infrastructure needed for the development of artificial intelligence.

Nvidia meanwhile has an ever-greater role in financing this expansion. The company has created a partnership with some of Wall Street’s largest financial institutions to mobilise more than $500 billion for AI infrastructure projects.