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SpaceX Plans $40B Apollo-Led Fundraising to Buy Nvidia Chips: Report
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According to a report by the Financial Times, cited by TradeAlpha, SpaceX is planning to raise $40 billion in a financing round led by Apollo Global Management. The funds are intended to be used to purchase chips from Nvidia. The report attributes the plan to unnamed sources, and the specific terms and timeline of the fundraising remain unconfirmed. This move would represent a significant investment in computing hardware, likely for AI-related applications or data center infrastructure, though SpaceX's exact use case for the Nvidia chips is not detailed in the report.
Source report
According to the Financial Times, SpaceX is planning to raise approximately $40 billion in a financing round led by Apollo Global Management. The funds will be used to procure chips from Nvidia (NVDA.O).
Key Details:
- Company: SpaceX (SPCX.O)
- Lead Investor: Apollo Global Management
- Target Amount: $40 billion
- Purpose: Purchase of Nvidia chips
Source
domesticNeutral / independent