SpaceX in talks to raise $40B for Nvidia GPUs

The Financial Times, Reuters, and CNBC reported SpaceX is in talks to raise about $40 billion to buy Nvidia AI chips, with Apollo expected to lead and PIMCO among lenders discussed. Reuters said the package would combine about $10 billion in bank loans with $30 billion in investment-grade debt. CNBC, citing a person familiar with the talks, said discussions remain preliminary, key lenders are not finalized, and GPUs would likely be used as collateral. SpaceX, Nvidia, Apollo, and PIMCO have not confirmed a signed transaction.