SpaceX plans $40B funding for NVIDIA chips
SpaceX, led by Elon Musk, is seeking to raise $40 billion to finance the purchase of AI chips from NVIDIA through issuing bonds and investment-grade loans. The company plans to rely on Apollo to lead the deal and to offer debt to investors. This move comes amid increasing demand for AI processors and expanding computing infrastructure within the sector. Projections suggest that the funding needed for the industry could reach $1.5 trillion by 2028, amid declining stock prices of rocket companies and rising NVIDIA shares in the market.
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