SPACEX SEEKS $40 BILLION TO BUY NVIDIA CHIPS

SpaceX is in talks with banks and investors to raise $40 billion in debt to fund a massive purchase of Nvidia ($NVDA) chips, Bloomberg reported, citing the Financial Times. The plan splits into roughly $10 billion in bank loans and $30 billion in investment-grade bonds, with Apollo expected to lead the sale. Talks are early-stage and could still fall apart.