Musk bound SpaceX to one chip supplier; the bill is $40 billion of debt
- A reported Apollo-led raise would put $10 billion of loans and $30 billion of bonds behind a single Nvidia order, at a company that spent $28.5 billion in the first half while generating $3.5 billion of operating cash.
- Nvidia keeps a buyer that cannot shop elsewhere; SPCX holders take the leverage.
- A loan moved the stock, not a launchSPCX slipped about 1% in after-hours trading on October 6, to roughly $172, on a report that SpaceX is seeking $40 billion to buy Nvidia chips 1.
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- A reported Apollo-led raise would put $10 billion of loans and $30 billion of bonds behind a single Nvidia order, at a company that spent $28.5 billion in the first half while generating $3.5 billion of operating cash.
- Nvidia keeps a buyer that cannot shop elsewhere; SPCX holders take the leverage.
- A loan moved the stock, not a launchSPCX slipped about 1% in after-hours trading on October 6, to roughly $172, on a report that SpaceX is seeking $40 billion to buy Nvidia chips 1.
Sources: Theinference