SpaceX seeks US$40bil to buy Nvidia chips

SpaceX is seeking to raise US$40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday, citing people familiar with the matter.

The Elon Musk-led company is seeking to raise about US$10 billion in bank loans and US$30 billion in investment-grade debt to fund its chip order, the report said.

Apollo is expected to lead the deal and help sell the debt to a broad range of investors, with bond fund Pimco among lenders in talks to finance the transaction, FT reported.

The transaction is expected to close in 2027, according to the report.

SpaceX, Apollo, Nvidia, and Pimco did not immediately respond to Reuters requests for comment.