American billionaire Elon Musk's SpaceX borrows $40 billion to buy AI chips
What's happening
The biggest development: Wall Street banks and Blackstone have put together roughly $63 billion to finance Broadcom AI chips for Anthropic, with Bank of America coordinating alongside Citi and Morgan Stanley. Separately, Blackstone is backing an $18 billion debt deal tied to Anthropic's AI chips. Multiple outlets describe Broadcom as arranging or being the target of the financing stack to supply Anthropic with chips.
Why it's trending
Investor demand and lender coordination are surging as AI startups like Anthropic lock up expensive Broadcom hardware, creating large syndicated financing packages now.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Momentum
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Buying chips with debt is not just about scaling AI, it's about turning hardware into leverageable assets, and banks are playing along with $63 billion on the table.
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Original sources34
- Broadcom and other AI stocks lift Wall Street closer to another recordHays PostOct 27
- Supermicro-Backed Argentum AI Seeks $5 Billion for AI ChipsTradingViewOct 27
- EXCLUSIVE: Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources sayReutersOct 27
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