Elon Musk Loses $21 Billion In A Morning As SpaceX Shares Slip - Forbes — SkimNews
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- SpaceX is negotiating a $40 billion loan with Apollo and other banks specifically to purchase Nvidia chips, per Bloomberg and CNBC.
- SpaceX stock slipped on the debt report, and Forbes calculated that Elon Musk lost $21 billion in net worth in a single morning.
Why it matters: The $40 billion debt-for-Nvidia-chips deal at SpaceX, financed by a banking group led by Apollo, cost Elon Musk $21 billion in a single morning as shares slipped on the news — a direct market verdict on the leverage required for AI-compute capacity.
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