AI's New Supply Chain Is Credit: the $140 Billion Debt Wave Behind Broadcom, SpaceX, and Oracle
Three financing deals worth roughly $140 billion surfaced within a day, and none of them is a product announcement. The Wall Street Journal reported that Broadcom is working to arrange more than $50 billion in financing for the custom AI chip it is developing with OpenAI, with Apollo and Blackstone among the lenders approached. Talks are early and the size could change. Separately, the Financial Times reported SpaceX has discussed roughly $40 billion in financing tied to Nvidia chips, with Reuters breaking that down as $30 billion in investment-grade bonds plus $10 billion in bank loans.