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Reuters
Mon, February 9, 2026 astatine 8:12 AM CST 1 min read
Feb 9 (Reuters) - Apollo Global Management is adjacent to finalizing a astir $3.4 billion indebtedness to an concern vehicle that plans to bargain Nvidia chips and lease them to Elon Musk's xAI, The Information reported connected Monday, citing a idiosyncratic acquainted with the matter.
Less than a week ago, Musk announced that SpaceX acquired the artificial quality institution helium also leads successful a woody that values the rocket and outer institution astatine $1 trillion and the AI outfit astatine $250 billion.
Big tech companies are expected to walk much than $600 cardinal this twelvemonth to bargain precocious chips and physique retired monolithic information centers needed to deploy and bid AI systems.
The concern could be finalized arsenic soon as this week and Valor Equity Partners, a longtime capitalist successful Musk's companies, is arranging the deal, the study said.
SpaceX, Apollo and xAI did not immediately respond to Reuters requests for comment.
(Reporting by Akash Sriram successful Bengaluru; Editing by Arun Koyyur)
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