SpaceX reportedly in talks to borrow $40B to buy Nvidia AI chips
SpaceX is in talks to borrow $40bn to buy AI chips from Nvidia, the Financial Times reported on Tuesday. Today, Bloomberg reported that the talks are underway, citing people familiar with the matter.
Both reports rely on unnamed sources, and none of the companies involved has publicly confirmed the plan.
According to the FT, the package would combine about $10bn in bank loans with $30bn in investment-grade debt. That is debt sold to investors who see the borrower as a relatively safe bet.
Apollo Global Management is expected to lead the deal and sell the debt on to a wide range of investors, the newspaper reported. The Pimco bond fund is among the lenders in talks to take part, according to both outlets.
The two reports differ on how close a deal is. According to the FT’s sources, the deal should be completed in 2027.
Bloomberg, however, described the talks...
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