SPACEX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.
The Elon Musk-led company is looking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the chip order, the report said.
The proposed funding underscores the enormous capital requirement of the AI boom, as tech companies race to secure advanced processors and build out the computing infrastructure needed to support AI development.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
