Economy / Markets
SpaceX seeks about $40bn in financing to buy Nvidia AI chips
SpaceX is negotiating roughly $40bn to fund purchases of Nvidia AI chips, with about $10bn expected from bank loans and the remaining ~$30bn through investment-grade bonds, according to media reports. Apollo is expected to lead the arrangement. The move puts a marquee private company into the fast-growing market for compute-backed borrowing. SpaceX shares eased about 2.5% on the reports amid broader investor caution over how the AI build-out will be repaid.