SpaceX seeks $40 billion in debt and loans for Nvidia chip purchases

SpaceX is raising $10 billion in bank loans and $30 billion in investment-grade debt to fund Nvidia chip orders, per ET Tech. Deeptech founders should recognize the signal: compute infrastructure is now so capital-intensive that it's financed via debt markets, not equity alone; if your deeptech company requires large-scale compute, expect higher capital requirements and longer fundraising cycles.

Source: ET Tech ↗