Melius raises $20 million Series A after changing its AI marketing focus
CRV led the round, while General Catalyst led a $5 million seed investment, bringing the startup’s total funding to $25 million.
SpaceX plans $40 billion financing for Nvidia chips, report says
Apollo is expected to lead the financing, which would include about $10 billion in bank loans and $30 billion of investment-grade debt.
SpaceX is seeking $40 billion to fund purchases of Nvidia AI chips, with Apollo Global Management expected to lead the financing, according to a media report on October 6 that cited people familiar with the matter.
The proposed package comprises investment-grade debt of $30 billion and bank loans of about $10 billion. Apollo would help distribute the debt among a broad group of investors. Pimco is among a small group of lenders discussing participation, and the transaction is expected to close in 2027, the report said.
SpaceX shares fell 1% in extended trading following the report, while Nvidia shares gained 0.5%. SpaceX, Apollo and Nvidia did not immediately respond to requests for comment. Pimco declined to comment.
Elon Musk took SpaceX public in June through a record $86 billion IPO. He said in September that the number of Nvidia chips used by xAI's Colossus 2 data center could more than double by December.
In August, Nvidia partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR on financing platforms aimed at mobilizing more than $500 billion for AI infrastructure projects.