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Home/Tech/SpaceX seeks $40B debt led by Apollo to buy Nvidia chips
VERIFIEDBy Xavier Rivera· ·1 min read

SpaceX seeks $40B debt led by Apollo to buy Nvidia chips

SpaceX is seeking $40 billion in debt financing led by Apollo Global Management to buy Nvidia AI chips, with talks still early and a possible 2027 close. The move highlights the scale of capital required for AI infrastructure expansion across Musk's companies.

Source:Financial Times
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SpaceX seeks $40B debt led by Apollo to buy Nvidia chips
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TL;DRAI · 60 sec read

SpaceX is seeking to raise $40 billion in debt financing reportedly led by Apollo Global Management to purchase Nvidia AI chips. The plan calls for roughly $10 billion in bank loans and $30 billion in investment-grade debt, with the transaction in early talks targeting a close in 2027 if it proceeds.

SpaceX is seeking to raise $40 billion in debt financing led by Apollo Global Management to purchase Nvidia AI chips, according to a Financial Times report citing people familiar with the matter.

Financing split targets bank loans and investment-grade debt. The plan calls for roughly $10 billion in bank loans and $30 billion in investment-grade debt. Apollo is expected to lead the deal and place the debt with investors, with Pacific Investment Management Co. among a small group of lenders in talks.
xAI plans to use Nvidia hardware exclusively for its data centers.

Deal remains in early talks with 2027 close targeted. The discussions are at an early stage and could end without a completed transaction. The transaction is expected to close in 2027 if it proceeds.
POST FROM @FT· official announcement tweet from the Financial Times reporting the story
https://x.com/FT/status/2107604925937037530

Stock prices moved modestly after the report. SpaceX shares fell 1 percent in extended trading. Nvidia shares rose 0.5 percent.
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Musk has outlined rapid expansion of Nvidia hardware at xAI. Last month Musk said xAI's Colossus 2 data center could more than double its Nvidia chips by December. The cluster currently holds 110,000 Nvidia GB200 chips and 440,000 GB300 chips, with additional GB300 units scheduled through December. xAI plans to use Nvidia hardware exclusively for its data centers.
In August Nvidia joined Apollo and other firms on platforms intended to mobilize more than $500 billion for AI infrastructure projects.
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Nvidia has already partnered with Apollo on larger AI financing. In August Nvidia joined Apollo and other firms on platforms intended to mobilize more than $500 billion for AI infrastructure projects.
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