SpaceX (SPCX) shares slipped in early trade Wednesday as the Elon Musk-led space and AI company is reportedly going to tap the debt markets in a big way. Bloomberg is reporting that SpaceX is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers. Per the report, the split would be $10 billion in bank loans and $30 billion in investment-grade debt, with bond investment giant PIMCO looking at the deal, and Apollo Global leading the financing. (Apollo Global is the parent company of Yahoo Finance.) SpaceX shares were down 2% in early trade. (SPCX ) Go deeper with AlphaSpace 167.54 -4.38 (-2.55%) As of 10:13:11 AM EDT. Market Open. The data-center business has been good for SpaceX. The company's data centers in Memphis, Tenn.
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