#FedMinutesFocusOnOctoberPause SpaceX Plans $40 Billion Financing to Buy Nvidia Chips
Elon Musk's SpaceX is seeking to raise $40 billion in a financing effort led by Apollo Global Management to purchase Nvidia chips as the AI and rocket group amplifies its bet on the chipmaker's advanced technology, according to the Financial Times. The company is seeking about $10 billion in bank loans and $30 billion in investment-grade debt to fund its blockbuster chip order, according to people familiar with the matter. Apollo is expected to lead the deal and help sell the debt to a broad base of investors, while bond giant Pimco was among a small group of lenders in talks to fund it; the transaction is expected to close in 2027. SpaceX's financing plans underscore the vast sums being raised for data centres, chips and other AI infrastructure, and its BBB credit rating — the second-lowest investment-grade ranking — would allow insurance and pension funds to buy its debt.
Apollo and Pimco declined to comment, while SpaceX and Nvidia did not immediately respond to requests for comment. The deal would strengthen ties between SpaceX and Nvidia
Elon Musk's SpaceX is seeking to raise $40 billion in a financing effort led by Apollo Global Management to purchase Nvidia chips as the AI and rocket group amplifies its bet on the chipmaker's advanced technology, according to the Financial Times. The company is seeking about $10 billion in bank loans and $30 billion in investment-grade debt to fund its blockbuster chip order, according to people familiar with the matter. Apollo is expected to lead the deal and help sell the debt to a broad base of investors, while bond giant Pimco was among a small group of lenders in talks to fund it; the transaction is expected to close in 2027. SpaceX's financing plans underscore the vast sums being raised for data centres, chips and other AI infrastructure, and its BBB credit rating — the second-lowest investment-grade ranking — would allow insurance and pension funds to buy its debt.
Apollo and Pimco declined to comment, while SpaceX and Nvidia did not immediately respond to requests for comment. The deal would strengthen ties between SpaceX and Nvidia
