SPACEX SEEKS $40 BILLION TO BUY NVIDIA CHIPS

SpaceX is seeking $40 billion in financing led by Apollo Global Management to fund a massive Nvidia chip order, according to the Financial Times. The structure splits into roughly $10 billion in bank loans and $30 billion in investment-grade debt, with Pimco among the lenders in talks and the deal expected to close in 2027. SpaceX shares slipped 1% on the report while $NVDA ticked up 0.5%, underscoring how deep AI infrastructure spending is reaching beyond the usual hyperscalers.