SpaceX is reportedly looking to raise $40bn in a debt deal led by Apollo. The financing is intended to fund the purchase of Nvidia chips.
SpaceX is reportedly looking to raise $40bn in a debt deal, with Apollo leading the financing. The substantial funding is intended to facilitate the purchase of Nvidia chips.
This blockbuster debt deal is described as the latest indication of the extensive spending on chips and other infrastructure that underpins artificial intelligence.
Why this matters: This financing deal highlights the significant investment in infrastructure, particularly chips, required to support the growth of artificial intelligence.
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