SpaceX plans to borrow $40B for Nvidia chips
SpaceX, led by Elon Musk, plans to raise approximately $40 billion through debt financing to purchase chips from Nvidia, aiming to support its artificial intelligence expansions. The financing plan includes about $10 billion in bank loans and $30 billion in investment-grade debt, to acquire large quantities of chips necessary to run advanced AI systems. This move comes amid fierce competition among tech companies to build massive data centers, driven by increased demand for chips and rising costs of AI infrastructure, with global financial institutions supporting substantial AI projects through major funding. This reflects a growing reliance on debt financing to acquire Nvidia chips, which have become the main supplier for AI data centers. The deal is expected to be finalized by 2027.
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