SpaceX Seeks To Raise $40B To Buy Nvidia Chips In Financing Led By Apollo - FT

(Updates with details from the FT report) Oct 6 (Reuters) — SpaceX is seeking to raise $40 billion in a financing effort led by asset manager Apollo Global Management to purchase Nvidia chips, the Financial Times reported on Tuesday, citing people familiar with the matter. The Elon Musk-led company is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to fund its chip order, the report said. Apollo is expected to lead the deal and help sell the debt to a broad range of investors, with bond fund Pimco among lenders in talks to finance the transaction, FT reported. The transaction is expected to close in 2027. SpaceX, Apollo, Nvidia, and Pimco did not immediately respond to Reuters requests for comment. (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Diti Pujara) ((rishabh.jaiswal@thomsonreuters.com; +91 9916719147)