SPACEX SEEKS $40B APOLLO-LED DEBT FINANCING TO BUY NVIDIA CHIPS

Summary from the TLDR Hardware newsletter

The FT reports SpaceX is raising about $10 billion in bank loans and $30 billion in investment-grade debt to fund an Nvidia chip order, with Apollo leading and helping sell the debt to a broad investor base, and bond fund Pimco among lenders in talks. The deal is expected to close in 2027. It fits the pattern Nvidia flagged in August, when it disclosed its own SpaceX stake and a $500 billion Wall Street financing push, with chip purchases increasingly funded by debt and equity ties to the buyer. Reuters could not independently verify the report, and SpaceX, Apollo, Nvidia, and Pimco haven't commented.