SpaceX $40 billion Nvidia Talks: SPCX at $167.60, Bull…
By Tobi Opeyemi Amure
AI summary of the source article
Reports indicate SpaceX is seeking approximately $40 billion to finance Nvidia AI chips, structured as roughly $10 billion in bank loans and $30 billion in investment-grade debt. Apollo is anticipated to lead and place the debt, while Pimco is among a small group of participating lenders targeting a 2027 close. However, wire reports emphasize that negotiations remain preliminary and may not culminate in a finalized transaction. Following the reports, SpaceX shares fell 2.51 percent to close at $167.60 on Nasdaq. SpaceX, Apollo, and Nvidia did not immediately comment, while Pimco declined to comment on the talks.
Why it matters
The reported $40 billion financing package highlights the massive debt structures being explored by major tech companies to fund advanced AI hardware infrastructure.
Key facts
- SpaceX is exploring a $40 billion financing plan consisting of roughly $10 billion in bank loans and $30 billion in bonds.
- Apollo is expected to lead the debt placement, with Pimco involved in talks targeting a 2027 close.
- SpaceX shares fell 2.51 percent to close at $167.60 following the financing reports.