Apollo and banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
Overview
Apollo Capital Management and several banks are in talks to help SpaceX finance a $40 billion purchase of Nvidia graphics processing units, according to a person familiar with the discussions who spoke anonymously.
The talks are not reported as concluded.
According to that source, the financing would rely primarily on the investment-grade debt market, with the GPUs likely serving as collateral, and Apollo would play a leading role in arranging it. The source notes SpaceX tapped that debt market only about four months earlier, when it raised $25 billion in bonds in mid-June, weeks after its IPO.
Written by AI from the articles below · updated Oct 8, 8:56 PM ET
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- CNBC · TechnologyApollo and banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
AIApollo Capital Management and several banks are in talks to help SpaceX finance a $40 billion purchase of Nvidia GPUs, according to a person familiar with the discussions. The deal would rely mainly on investment-grade debt, with GPUs likely serving as collateral. SpaceX raised $25 billion in bonds in mid-June, weeks after its IPO.
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