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SpaceX to Borrow $40B for Nvidia Chips
Per Bloomberg, SpaceX is in talks to raise $40B of debt to buy Nvidia chips, seeking ~$10B in bank loans and $30B in investment-grade debt.
Key points
- SpaceX is in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia.
- The company is seeking about $10 billion in bank loans and $30 billion in investment-grade debt to pay for the chips.
- The move is attributed to "insatiable demand" among AI developers, per Bloomberg.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
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Top replies on X
Reaction on X: Replies are overwhelmingly skeptical, calling it a Ponzi scheme and warning someone will be left holding the bag, with one noting SpaceX raised IPO money yet still can't afford the chips. One reply says compute demand may be far larger than anyone realizes. The original poster did not respond.
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From @JeremyKent575, @TRothell62855, @WaywardC44682 and others. Spam removed, with English and Chinese translations.
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