SpaceX is going on a bond binge
Rising rates haven't curtailed hyperscaler appetites.
TL;DR
- SpaceX is seeking $40 billion in debt financing.
- The financing is intended to purchase Nvidia chips.
- Apollo Global Management is reportedly leading the financing process.
- The package includes around $30 billion in investment-grade debt and $10 billion in bank loans.
- SpaceX shares have risen nearly 16% in the past week.
- Nvidia recently hit an all-time high with a $5.65 trillion market cap.