3 stories for “financing”
The three companies, which plan to spend up to $600 billion this year on infrastructure, report results in the coming days. Against a market selloff and rising financing costs, investors want proof the money is coming back.
According to a filing with the US Securities and Exchange Commission, Elon Musk's company will lease Nvidia Vera Rubin chips from an entity managed by Apollo. It is one of the largest compute financing deals signed to date.
Bank of America, Citi, Morgan Stanley and Blackstone will fund a special-purpose company that buys the chips and leases them to the maker of Claude. Broadcom is guaranteeing part of the risk, and Moody's is already sounding a warning.
