Meta buys AI coding startup Conductor
Conductor will shut its cloud service on November 20, while its founder says other core features will remain available until early 2027.
Goldman and Apollo seek investors for $40 billion SpaceX chip financing
Some prospective investors have been approached about stakes of up to $500 million, according to a media report.
Goldman Sachs and Apollo Global Management are seeking investors to take portions of roughly $40 billion in financing for SpaceX's AI chips, according to a November 4 media report citing people familiar with the matter.
The firms have started contacting prospective buyers before formal syndication begins, with some asked to take stakes of up to $500 million, the report said. The financing comprises multiple tranches and is designed to leave the debt off SpaceX's balance sheet.
SpaceX said in October that an Apollo Global Management affiliate would purchase AI chips and server hardware, then lease the equipment to SpaceX. That arrangement involves about $40 billion in principal payments.
Delivery is expected during the first half of 2027, with the leases lasting slightly more than five years after the equipment arrives. The arrangement is intended to fund growing computing requirements as SpaceX expands its AI business.
Goldman Sachs declined to comment. Apollo Global Management and SpaceX did not immediately respond to requests for comment.