India, Oct. 9 -- SpaceX is reportedly seeking to raise around USD 40 billion in debt financing to purchase Nvidia AI chips, as Elon Musk's company expands its computing infrastructure and its role in the growing AI infrastructure market.

According to media reports, the financing is expected to be led by Apollo Global Management and would comprise around USD 10 billion in bank loans and USD 30 billion in investment-grade debt. The proposed transaction is expected to close in 2027, although discussions are still at an early stage and the financing may not ultimately be completed.

The reported financing would rank among the larger debt transactions linked to the expansion of AI computing infrastructure, reflecting the capital required to a...