✉news BusinessFinance first seen 1 d ago, last 7 h ago, peak #1
SpaceX stock slips on report of $40 billion debt raise for Nvidia chips
Original: SpaceX stock slips on report of its $40 billion in new debt for Nvidia chips
SpaceX's valuation in private trading came under pressure after a report that the company is taking on roughly $40 billion in new debt to fund purchases of Nvidia chips. Investors are weighing the company's rising debt load against its growing computing needs for Starlink and artificial intelligence ambitions. The news adds to scrutiny of how Musk's space company will finance its expanding infrastructure plans.
Why now: Fresh reporting on SpaceX taking on large new debt to buy Nvidia chips has prompted investors to reassess the company's valuation.
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