SpaceX Seeks $40 Billion in Borrowing to Buy Nvidia Chips

Elon Musk’s SpaceX is in talks with banks and investors to raise about $40 billion to finance purchases of Nvidia chips.

The proposed borrowing could become one of the largest debt-financing deals ever linked to artificial intelligence expansion, if it goes ahead.

The discussions concern financing for chip purchases rather than a completed deal. The information provided does not establish that lenders or investors have committed funds.

Details of the proposed borrowing terms, the types of chips involved and the timetable for purchases were not specified. The intended use of the chips within SpaceX was also not outlined.