SpaceX seeks $40 billion to buy Nvidia chips, with Apollo leading the financing
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
Computing capacity for SI is now being bought on the bond markets: the race comes down to money, and the money is being found.
According to the Financial Times, SpaceX wants to raise about $10 billion in bank loans and $30 billion of investment-grade debt; Apollo Global Management will lead the deal and help sell the debt, with Pimco among the lenders in talks, and closing expected in 2027. According to the paper, the company plans to use only Nvidia hardware in its data centers; Morgan Stanley estimates SI infrastructure's need for external financing at $1.5 trillion by 2028.
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