SpaceX seeks about $40 billion of debt, led by Apollo, to fund Nvidia chip purchases

Reuters, citing the Financial Times, reported that SpaceX is seeking about $40 billion of financing to buy Nvidia AI chips. The package is roughly $10 billion of bank loans and $30 billion of investment-grade debt, with Apollo expected to lead. The terms were not final and had not been confirmed by the companies, and SpaceX shares slipped in early trade.

• Structure: about $10 billion of bank loans and $30 billion of investment-grade debt
• Apollo expected to lead; a source said Pimco is in talks to lend
• Terms not final; companies had not confirmed the plan
• SPCX fell about 2% in early trade; Nvidia rose about 0.5%