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Home›ETFs & Funds›Fund Industry›SpaceX weighs $40 billion in debt funding for Nvidia c…

SpaceX weighs $40 billion in debt funding for Nvidia chips

The reported plan would fund purchases of advanced graphic processing units and related systems.

Reported · Written up by our desk · Fund Industry

SpaceX is considering raising about $40 billion, according to a report cited by MarketWatch. The funds would be used to finance purchases of advanced graphic processing units and related systems.

The proposal focuses on buying Nvidia chips to support the companys AI ambitions, the report said. MarketWatch did not cite additional details in the provided summary about how the debt would be structured or the timing of any issuance.

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Sources

MarketWatchSpaceX may chase ‘stunning’ AI returns by taking on a lot of debt to buy Nvidia chips
MarketWatchSpaceX may chase ‘stunning’ AI returns by taking on a lot of debt to buy Nvidia chips

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