Musk's SpaceX company plans to raise $40 billion to purchase Nvidia chips
The deal organizer will be investment company Apollo Global Management, reports Financial Times, citing sources.
Photo: David J. Phillip / AP
SpaceX intends to raise about $10 billion in bank loans, and another $30 billion through the issuance of investment-grade debt.
Apollo is expected to help place them among a wide range of investors. According to the newspaper, bond company Pimco is also participating in the financing negotiations. The deal is expected to close in 2027.
SpaceX needs the funds to expand its computing infrastructure and artificial intelligence projects.
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