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BUSINESS · OCT 6, 2026
SpaceX Seeks $40 Billion to Purchase Nvidia AI Chips
SpaceX is seeking $40 billion in financing to purchase Nvidia chips to expand its computing power for artificial intelligence development.
Space Exploration Technologies Corp. is seeking $40 billion in financing to purchase chips from Nvidia Inc. to increase its computing power for artificial intelligence development. The proposed financing plan consists of approximately $10 billion in bank loans and $30 billion in investment-grade debt.
Apollo Global Management Inc. is expected to lead the transaction and manage the sale of the debt to investors. The deal is projected to close in 2027.
Reported across 6 outlets
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Apollo Global Management Inc.Nvidia Inc.
