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Oracle, Broadcom, SpaceX Seek Debt Deals for AI Chips

Broadcom is working to arrange more than $50 billion in financing for chips needed by OpenAI, while Oracle is in talks with Apollo and Goldman Sachs on chip financing. SpaceX is also seeking debt agreements tied to AI chips. The moves underscore the scale of borrowing being lined up across the AI hardware supply chain.

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AI take

The notable shift here is that AI chip demand is being underwritten by debt rather than retained cash or equity, pulling capital-markets intermediaries — Apollo, Goldman Sachs — directly into the hardware layer of the AI trade. That matters because it links the credit market's appetite for AI exposure to the physical buildout, and it spreads the risk across lenders rather than a handful of balance sheets. Whether these structures become a template for the broader supply chain, and how lenders price that exposure, is the open question to watch.

Generated by AI for reference only.

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