SpaceX seeks $40 billion in financing led by Apollo to purchase Nvidia chips
SpaceX plans to raise $40 billion to buy Nvidia chips, aiming to close the deal in 2027. It has raised $25 billion in bonds and is seeking $10 billion in loans and $30 billion in debt. Colossus 2 has 110,000 GB200 and 440,000 GB300 chips.
- SpaceX aims to raise $40 billion to buy Nvidia chips, with Elon Musk seeking to acquire AI chips from Nvidia.
- Financial Times said spaceX plans to raise $10 billion in bank loans and $30 billion in investment-grade debt.
- SpaceX raised $25 billion in bonds following its record-breaking IPO.
- The deal to buy Nvidia chips is expected to close in 2027.
- Colossus 2 now has 110,000 Nvidia GB200 chips and 440,000 GB300s, with Musk saying it may double its chip count by year-end.
- Pacific Investment Management Co and Apollo Global Management are among the firms evaluating the deal.
- SpaceX's BBB credit rating is two notches below Meta and Alphabet.
Outlets: Business Recorder, Business Standard, Die Welt, Financial Times, Handelsblatt, International: Top News And Analysis, MarketWatch, Moneyweb, N1 BiH, ORF News (Austria), Semafor
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