Investing.com– SpaceX is seeking to raise $40 bln in an endeavor led by Apollo Global to buy Nvidia chips, the Financial Times reported on Tuesday, citing people familiar with the matter. <\/p>\n
Before you buy NVIDIA: our AI model’s stock picks are beating the market by 120%+. See the list now \u00bb<\/a> <\/p>\n Elon Musk’s rocket and artificial intelligence firm is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt for the order, with Apollo expected to lead the deal and help market the debt, the FT report said. <\/p>\n Pimco was among a small group of lenders in talks to fund the deal, the FT reported. <\/p>\n Not finding the right stocks? Our AI’s list of investor-grade stock picks for October just dropped \u00bb<\/a> <\/p>\n The planned fundraise highlights the large sums that are being poured into data centers, chips, and other infrastructure needed to run AI. <\/p>\n SpaceX is closely tied to Nvidia, with Musk having earlier stated that it would exclusively use Nvidia chips in its Colossus data centers. <\/p>\n The rocket company, which folded in Musk’s xAI startup before its initial public offering earlier this year, powers its flagship Grok AI through Colossus. <\/p>\n The company also signed deals to rent out computing capacity from Colossus to other major AI developers, chiefly Anthropic and Alphabet’s Google. <\/p>\n Original Article <\/p>\n SpaceX seeks to raise $40 bln to buy Nvidia chips- FT<\/a> <\/p>\n U.S. stock futures steady after tech rally lifts S&P 500, Nasdaq to records<\/a> <\/p>\n