Lates News

According to the Financial Times, SpaceX (SPCX.O) is seeking to raise $40 billion through a financing plan led by Apollo to purchase Nvidia (NVDA.O) chips. According to people familiar with the matter, the company plans to raise about $10 billion through bank loans and $300 billion through investment-grade debt to support its large-scale chip order. The people said private capital group Apollo is expected to lead the transaction and help sell the debt to a broad group of investors. It is understood that bond group Pimco is one of a small group of lenders in talks to provide financing for the deal. The transaction is expected to be completed in 2027.