SpaceX Could Borrow $40 Billion for Nvidia Chips as Musk Makes a Massive New Bet on AI. Its Stock Fell.

Source: International Business Times

SpaceX is exploring a financing package consisting of roughly $10 billion in bank loans and another $30 billion in investment-grade bonds. Getty Images SpaceX is reportedly preparing to borrow as much as $40 billion to finance a massive purchase of Nvidia chips, a move that would dramatically expand the Elon Musk-led company's bet on artificial intelligence infrastructure while adding billions of dollars to its debt load. SpaceX is exploring a financing package consisting of roughly $10 billion in bank loans and another $30 billion in investment-grade bonds, according to Bloomberg.