Sources: SpaceX is seeking to raise $40B, including ~$10B in bank loans and ~$30B in investment-grade debt, to purchase Nvidia chips, in a deal led by Apollo
THE SO WHAT
A $40B, Apollo-led debt raise just to buy Nvidia chips turns AI compute into an asset class that looks more like power plants than SaaS contracts. If you’re a heavy AI user without equity in your own compute, start mapping your exposure to a world where capital markets, not cloud pricing pages, set your capacity ceiling.
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