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SpaceX Reportedly Seeking $40 Billion Loan for Nvidia AI Chips
SpaceX is reportedly negotiating to secure $40 billion in financing through bank loans and debt instruments to acquire additional Nvidia artificial intelligence processors, according to the Financial Times. This potential funding initiative comes after SpaceX's recent initial public offering valued at $86 billion and underscores the high demand for AI hardware among prominent technology corporations. Observers point out that the substantial borrowing by AI companies is increasingly vying with national debt for available investment funds, leading to higher returns on government bonds.
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