SpaceX is reportedly preparing to borrow as much as $40 billion to finance a massive purchase of Nvidia chips, a move that would dramatically expand the Elon Musk-led company's bet on artificial intelligence infrastructure while adding billions of dollars to its debt load.
SpaceX is exploring a financing package consisting of roughly $10 billion in bank loans and another $30 billion in investment-grade bonds, according to Bloomberg. Apollo Global Management is leading the financing effort, while bond giant PIMCO is among the investors considering participating in the deal, the outlet noted.
