Apollo Capital Management and several banks are in talks with SpaceX to facilitate the purchase of $40 billion worth of Nvidia graphics processing units. The deal would primarily rely on the investment-grade debt market, which SpaceX tapped four months ago during a record $25 billion bond issuance following its IPO. The GPUs would serve as collateral for this massive borrowing, and the persistent scarcity of computing power supports their value in the credit market, with investors now demanding higher yields to compensate for AI exposure.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
