This morning's brief reported that SpaceX had completed $40 billion in borrowing to procure GPUs, while SoftBank Group-backed OPay was said to be targeting a valuation of up to $4.4 billion in a US IPO.
Musk explained in a post that SpaceX had completed approximately $40 billion in borrowing to secure funding to purchase GPUs. Reuters reported the comments following reports that the company was procuring AI chips, indicating that the debt could be repaid early and relates to deliveries scheduled for the current fiscal year.
Amazon Web Services (AWS) CEO Jassy said that cloud capacity was almost sold out through 2027 and that large contracts had also been signed for 2028 and beyond. He indicated that rising demand for AI infrastructure was behind the situation.
OPay, backed by SoftBank Group, announced that it is targeting a valuation of up to $4.4 billion in a US IPO. The company aims to expand mainly in emerging markets, centered on digital payment services.
Audi of Germany announced plans to build a new plant in Georgia, US. The investment is approximately $4.2 billion and was described as part of Trump's pre-election appeal. Reports also covered developments involving companies in Aichi and the impact of the US midterm elections.