Useful journalism to understand, manage and grow a business.
SearchThe proposed financing would combine bank loans and investment-grade debt. Apollo could arrange it and PIMCO is among the possible participants, but the deal has not been confirmed.
SpaceX is reportedly negotiating $40 billion in financing to acquire artificial intelligence chips from Nvidia, according to reports attributed to sources familiar with the discussions. The deal has not yet been finalized, and neither company has confirmed its terms.
The proposed structure would include about $10 billion in bank loans and another $30 billion in investment-grade debt. According to reports, Apollo could lead the arrangement and distribution of the financing among investors. PIMCO is reportedly in talks to participate, although its involvement has also not been confirmed.
The proposal shows how the capital needs of AI infrastructure can extend beyond companies’ direct investment: they also mobilize banks and asset managers. Morgan Stanley estimates that the sector will need $1.5 trillion in external financing through 2028. This is the firm’s forecast, not a figure committed to specific projects.
For SpaceX, turning to external financing would make it possible to fund a processor purchase without relying exclusively on its own resources. In return, if the debt were issued, it would increase the company’s financial obligations. The ultimate effect would depend on the amount actually raised, the financing terms, and the company’s ability to make payments; those details are not yet known.
The order would also be significant for Nvidia as a potential chip supplier. However, the negotiations do not amount to a completed purchase and, by themselves, do not make it possible to determine how much revenue the company would receive or when it would recognize it.
For now, the amounts and participants describe a deal under discussion, not a definitive agreement. The structure, terms, and possibility of closing could all change. The available reports also do not establish the final cost of the debt or allow its impact on SpaceX’s finances to be measured precisely.
The Cuban government transforms state-owned warehouses into **Neighborhood Markets** managed by the private sector, retaining only 1,913 establishments for rationing. Although the measure aims to reduce prices by 15%, costs remain unaffordable for most of the population facing a supply crisis and extreme poverty.
Read story
Valeo CEO Christophe Perillat calls for vehicles sold in Europe to incorporate at least 75% local components to prevent massive job losses. This request aligns with the EU's 'Industrial Accelerator Act' draft, which considers raising the origin threshold for accessing public aid, generating concern in Spain over the risk that its factories may not meet the new criteria.
Read story
The BOE has published RDL 28/2026 and 29/2026, which introduce urgent measures such as the suspension of evictions for vulnerable groups, automatic lease extensions, and a 10 billion euro fund for home purchases. RDL 28/2026 will enter into force on November 15, 2026, subject to ratification by the Permanent Delegation, while RDL 29/2026 regulates the automatic extension of contracts.
Read story