SpaceX Wants $40 Billion in New Debt, and It’ll Need Hundreds of Billions More to Achieve Musk’s Vision
Space Exploration Technologies (NASDAQ: SPCX) raised $86 billion with its IPO. It then tapped the debt market for another $25 billion. Now, it’s looking to get another $40 billion in financing to pursue its massive artificial intelligence (AI) build-out.
Elon Musk’s company reportedly reached out to Apollo Global Management and several banks to help it purchase $40 billion worth of Nvidia (NASDAQ: NVDA) GPUs. But Musk could be just getting started. SpaceX still needs a colossal amount of capital to achieve the CEO’s vision.
Here’s what that means for investors.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.