BUZZ-SpaceX seeks 40 billions USD in financing to purchase Nvidia chips, stock price drops in response
路透社2026/10/07 08:51October 7 - SpaceX (SPCX.O) shares fell 1.8% in premarket trading to $168.9. According to the Financial Times, citing people familiar with the matter, the company plans to raise $40 billions to acquire Nvidia (NVDA.O) AI chips. The Financial Times reports that the proposed financing, led by Apollo Global Management (APO.N), includes around $10 billions in bank loans and $30 billions in investment-grade bonds to pay for the chip orders. This move by Elon Musk's company underscores the enormous capital required amid the AI boom, as tech companies race to expand their computing infrastructure. SpaceX, Apollo Global Management, and Nvidia have yet to respond to Reuters' requests for comment. Out of 41 brokerages, 32 have a "Buy" or higher rating on the stock, 6 rate it "Hold," and 3 as "Sell" or lower; the median target price is $217, according to data compiled by London Stock Exchange Group (LSEG). As of the previous trading session close, SPCX shares have risen 27.3% from their IPO price of $135.
October 7 - ** SpaceX (SPCX.O) shares fell 1.8% premarket to $168.9
** According to the Financial Times, citing sources familiar with the matter, the company (link) plans to raise $40 billion to purchase artificial intelligence chips from NVIDIA NVDA.O
** The Financial Times reports that the proposed funding, led by Apollo Global Management APO.N, includes about $10 billion in bank loans and $30 billion in investment-grade bonds, which will be used to pay for the chip order—Financial Times
** This move by the company led by Elon Musk highlights the massive capital required by the artificial intelligence boom, as tech firms race to expand their computing infrastructure
** SpaceX, Apollo Global Management, and NVIDIA have not yet responded to Reuters' requests for comment
** Out of 41 brokerages, 32 rate the stock as “buy” or higher, 6 as “hold”, and 3 as “sell” or lower; the median target price is $217—data compiled by London Stock Exchange Group (LSEG)
** As of the previous trading day's close, SPCX stock was up 27.3% from its IPO price of $135
(To facilitate non-native English speakers, Reuters has automated its reports into several other languages. Due to potential errors in automated translation or lack of appropriate context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for the convenience of readers. Reuters accepts no liability for any harm or loss arising from the use of this automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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