[SpaceX aerospace company headquarters building at 1 Rocket Road, Hawthorne, California] * Elon Musk’s SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) is reportedly looking to raise $40B in a financing effort led by Apollo Global Management (APO [https://seekingalpha.com/symbol/APO]) to purchase Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) chips as the AI and rocket group amplifies its bet on the chipmaker’s advanced technology. * The company is seeking to raise about $10B in bank loans and $30B in investment-grade debt to fund its blockbuster chip order, the _Financial Times_ reported. * Private capital group Apollo is expected to lead the deal and help sell the debt to a broad base of investors.
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