On October 7, sources reported that SpaceX, owned by Elon Musk, is seeking to raise approximately $40 billion in funding, led by Apollo Global Management, to procure Nvidia chips. This financing includes about $10 billion in bank loans and $30 billion in investment-grade debt, expected to be completed by 2027, with institutions like Pimco also involved in negotiations. SpaceX currently has a credit rating of BBB, which is the second lowest investment-grade level, allowing its bonds to be allocated by institutional investors such as insurance companies and pension funds. Previously, after its IPO in June, SpaceX received an investment-grade rating and issued $25 billion in senior bonds, but the bond prices subsequently fell due to concerns over rising debt levels and capital expenditures.
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SpaceX Seeks $40 Billion Funding to Purchase Nvidia Chips
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Central Committee and State Council: Comprehensive Implementation of 'AI+' Initiative
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