EconomySpaceX Seeks $40 Billion to Buy Nvidia Chips in AI Bet

SpaceX is in talks with banks and investors to raise $40 billion to buy Nvidia chips, Bloomberg has learned, in a deal that could rank among the largest debt financings for the AI buildout. Stocks halted a rally and global bonds fell as attacks on Middle East tankers lifted oil prices. Iran has stepped up tanker attacks in the Strait of Hormuz in recent days.