SpaceX is reportedly in discussions with investors and banks to raise $40 billion for the acquisition of Nvidia hardware.
Key facts
- •SpaceX is seeking to raise $40 billion in new funding.
- •The capital is earmarked for the purchase of Nvidia chips.
- •The company is currently in talks with banks and investors regarding the deal.
- •Pimco is identified as one of the investment managers looking at the potential transaction.
SpaceX is currently in negotiations with banks and investors to secure $40 billion in funding. The capital is intended to be used for the purchase of chips from Nvidia, according to individuals familiar with the matter.
Investment Discussions
The effort to raise the funds involves engagement with various financial institutions and investment managers. Among those reportedly considering the deal is the investment management firm Pimco.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Technology.
