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SpaceX has locked in a $40 billion financing deal with Apollo to buy GPUs. TechCrunch reported that the financing gives SpaceX another way to fund its rapidly expanding AI ambitions. The arrangement lets SpaceX avoid relying solely on traditional debt markets.

Sources:TechCrunch

1 outlet · 1 article · first seen Oct 26, 2:00 PM ET

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Corroborated by 1 outlet (GDELT)