SpaceX reportedly seeks $40 billion to buy Nvidia chips
NVDA•SpaceX is reportedly seeking to raise $40 billion to purchase Nvidia chips, including $10 billion in bank loans and $30 billion in investment-grade debt. The transaction is expected to close in 2027.
1. Financing effort
SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the report said, citing people familiar with the matter.
2. Debt details
Apollo is expected to lead the deal and help sell the debt to investors. Pimco is among lenders in talks to finance the transaction, which is expected to close in 2027.
