SpaceX seeks to raise $40 billion to buy Nvidia chips — Channel NewsAsia

In Singapore, Channel NewsAsia published a Reuters report saying that SpaceX is seeking to raise $40 billion to purchase Nvidia chips. The Financial Times reported this on Tuesday, citing people familiar with the matter.

Funding led by Apollo

According to the FT, the financing is to be led by Apollo Global Management. The purpose of raising the funds is to purchase Nvidia chips for SpaceX. The FT did not disclose the names of its sources.

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Reuters verification

Reuters noted that it was unable to independently verify the FT report immediately. Therefore, the information on the amount to be raised, the intended use of the funds, and Apollo Global Management's involvement is based on the FT's reporting and its sources.

The report concerns SpaceX's intention to raise financing for a possible purchase, rather than the confirmed completion of a chip acquisition.