SpaceX is seeking to raise $40 billion in debt to buy Nvidia AI chips, according to a report by the Financial Times cited by Techub. Apollo Global Management is expected to lead the transaction. Roughly $10 billion would come as bank loans, while the remaining $30 billion would be issued as investment-grade bonds. The deal is not expected to be completed until 2027.
The report follows comments from Elon Musk last month that SpaceX planned to build its data centers entirely on Nvidia hardware. Apollo already has financing ties with Nvidia in the AI sector. In August, the two sides joined other institutions to launch a platform targeting more than $500 billion in funding for AI projects.
The report also said SpaceX shares rose about 15% over the past five trading days, giving the company a market value of around $2.17 trillion. On that basis, the proposed debt raise would equal about 1.8% of its market capitalization.
SpaceX is seeking to raise $40 billion in debt to purchase Nvidia AI chips, according to the Financial Times.
Apollo Global Management is expected to lead the financing, with about $10 billion structured as bank loans and the remaining $30 billion as investment-grade bonds. The transaction is not expected to be completed until 2027.
Elon Musk said last month that SpaceX planned to build its data centers entirely on Nvidia hardware. Apollo and Nvidia already work together on AI financing. In August, they joined several institutions to launch a platform aimed at raising more than $500 billion for AI projects.
The report added that SpaceX shares climbed about 15% over the past five trading days, bringing its market value to roughly $2.17 trillion. The planned debt issuance would equal about 1.8% of that valuation.
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