Miles Kruppa / The Information:

Source: Apollo nears a ~$3.4B loan deal to a Valor-led investment vehicle to buy Nvidia chips for leasing to xAI; through fall 2025, xAI was burning $1B+/month  —  Apollo Global Management, one of Wall Street's biggest private credit firms, is nearing a deal to lend about $3.4 billion …

Miles Kruppa / The Information:

Source: Apollo nears a ~$3.4B loan deal to a Valor-led investment vehicle to buy Nvidia chips for leasing to xAI; through fall 2025, xAI was burning $1B+/month  —  Apollo Global Management, one of Wall Street's biggest private credit firms, is nearing a deal to lend about $3.4 billion …

Source: TechMeme
Source Link: http://www.techmeme.com/260209/p22#a260209p22