[SpaceX Plans to Raise $40 Billion to Procure NVIDIA Chips, Led by Apollo] BlockBeats News, October 7: SpaceX, owned by Elon Musk, is seeking to raise approximately $40 billion in funding, led by Apollo Global Management, to procure NVIDIA chips and further expand its investments in the AI sector. According to sources, the financing plan includes around $10 billion in bank loans and $30 billion in investment-grade debt, expected to be completed by 2027. Institutions such as Pimco are also involved in related financing discussions. SpaceX currently holds a BBB credit rating, the second-lowest investment-grade rating, making its bonds eligible for purchase by institutional investors such as insurance companies and pension funds. This financing will further strengthen the collaboration between SpaceX and NVIDIA. Musk previously stated that SpaceX has decided to exclusively adopt NVIDIA technology, considering its Vera Rubin architecture to be the best AI computing architecture available today. The financing plan highlights the massive demand for funding in AI data centers, chips, and related infrastructure development. Earlier, SpaceX received an investment-grade rating following its IPO in June and subsequently issued $25 billion in senior bonds. However, the price of its bonds has since declined due to concerns over increased debt levels and capital expenditures. [Original Link]