SpaceX Secures $40 Billion Financing to Accelerate Nvidia Chip Acquisition

Elon Musk's SpaceX is raising $40 billion through debt financing to purchase chips from Nvidia Corp., underscoring the intense competition for artificial intelligence computing power among technology's biggest players. The aerospace company is working with Apollo Global Management to structure the deal, which comprises approximately $10 billion in bank loans and $30 billion in investment-grade bonds, according to reports on October 6. Bond investors including Pimco, the investment division of Allianz, are among the lenders in talks to finance the acquisition. SpaceX expects the transaction to complete by 2027.