Report: SpaceX Seeks $40 Billion to Buy Nvidia Chips

SpaceX is seeking to raise $40 billion to purchase chips manufactured by technology giant Nvidia, news agency Reuters and Bloomberg reported, citing a report in the Financial Times.

According to the reports, the targeted funding round is intended to finance a massive procurement of artificial intelligence processors from the American chipmaker.

At this stage, no official comment has been issued by SpaceX or Nvidia, and further details regarding the terms of the fundraising or its timeline have not yet been released.