SPACEX SEEKS $40BN TO FUND NVIDIA CHIP PURCHASE

SpaceX is in talks with banks and investors to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report cited by other outlets. The sum would match roughly what the Elon Musk-led company generates in annual revenue, according to the reports.

The reports do not specify what the chips would be used for or when a deal might be finalised.