SpaceX Eyes $40 Billion NVIDIA Shopping Spree To Power Its AI Push

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SpaceX is reportedly seeking to secure an eye-watering $40 billion in financing with the intent of purchasing NVIDIA AI hardware.

According to an article published this week by The Financial Times, the massive debt deal is set to be spearheaded by private equity giant Apollo Global Management, with major institutional investors like Pimco participating in discussions. The proposed capital structure outlines an ambitious combination of roughly $10 billion in bank loans alongside $30 billion in investment-grade debt. That's a lot of money, but it goes to show how critical hardware procurement has become for tech enterprises racing to construct next-gen AI compute infrastructure.

In short, Chief Executive Officer Elon Musk’s has an aggressive agenda to build out massive AI data centers. During a recent earnings call, Musk confirmed that the company had "decided to build exclusively on NVIDIA," doubling down on the Santa Clara chipmaker’s architecture rather than...

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