Musk's SpaceX plans to be led by Apollo Global Management to raise $40 billion to purchase Nvidia chips. People familiar with the matter revealed that SpaceX plans to raise about $10 billion in bank loans, plus $30 billion in investment-grade bonds, to fund this huge chip purchase order. Private equity firm Apollo Global Management will lead the transaction and be responsible for promoting this batch of bonds to investors. According to people familiar with the matter, bond investment agency Pin Hao was also among the few funders involved in the negotiations. The deal is expected to close in 2027.
Zhitongcaijing · 1d ago
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Musk's SpaceX plans to be led by Apollo Global Management to raise $40 billion to purchase Nvidia chips. People familiar with the matter revealed that SpaceX plans to raise about $10 billion in bank loans, plus $30 billion in investment-grade bonds, to fund this huge chip purchase order. Private equity firm Apollo Global Management will lead the transaction and be responsible for promoting this batch of bonds to investors. According to people familiar with the matter, bond investment agency Pin Hao was also among the few funders involved in the negotiations. The deal is expected to close in 2027.
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