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Context from Wikipedia on the organisations, people and places in this story.
American multinational technology company
Nvidia Corporation is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoCs), and application programming interfaces (APIs) for data science, high-performance computing, artificial intelligence (AI), and mobile and automotive applications. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia has been widely described as a Big Tech company.
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American stock exchange
The Nasdaq Stock Market is an American stock exchange. It is the largest stock exchange by market capitalization and the first fully electronic stock market. Based in Manhattan, New York City, the exchange is among the most active stock trading venues by volume in the United States.
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American spaceflight and AI company
Space Exploration Technologies Corp., doing business as SpaceX, is an American aerospace manufacturer and provider of space transportation, telecommunications, and artificial intelligence services, headquartered at the Starbase development site in Starbase, Texas. The company operates three primary segments: Space, which develops and flies the Falcon 9, Falcon Heavy, and Starship launch vehicles, as well as the Dragon spacecraft, and conducts more orbital launches annually than any other launch provider ; Connectivity, which operates the Starlink satellite constellation and satellite-based…
More on Wikipedia ↗SpaceX seeks $40B financing led by Apollo to buy Nvidia AI chips, with $10B loans and $30B debt.
SpaceX is reportedly seeking $40 billion in financing, led by Apollo Global Management, to buy Nvidia chips for AI infrastructure.
The company’s financing effort is expected to be led by Apollo Global Management, the Financial Times reported, citing people familiar with the matter.