SpaceX Seeks 40B to Buy Nvidia Chips
SpaceX is reportedly in talks with major financial institutions to raise 40 billion dollars for purchasing advanced Nvidia artificial intelligence chips. The proposed funding highlights the massive capital requirements needed to build out expanding AI infrastructure.
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SpaceX is negotiating a $40 billion debt package to acquire artificial intelligence processors from NVIDIA CORP, two people familiar with the matter said on October 6. The Elon Musk-led company is working with asset manager PIMCO on the financing. The funding push highlights the soaring capital demands of the AI sector as firms race to build out computing infrastructure.
