SpaceX Corp (NASDAQ:SPCX), Elon Musk's rocket and artificial intelligence (AI) company, is seeking $40 billion in financing to buy Nvidia chips, potentially creating one of the largest debt-funded AI hardware purchases. The proposed financing would comprise about $10 billion in bank loans and $30 billion in investment-grade bonds, with Apollo Global Management (NYSE:APO) expected to lead the transaction and Pimco among investors considering the debt.
Apollo Global Management, Inc. (APO) Presents at Bank of America 31st Annual Financials CEO Conference Transcript
Scott Kleinman, co-president of asset management at Apollo Global Management NYSE: APO, said the firm sees a “higher for longer” interest-rate environment continuing as consumer spending, persistent inflation and investment in artificial intelligence infrastructure support economic activity.
The House of Representatives voted to hold former Apollo Global Management CEO Leon Black in contempt of Congress for his refusal to comply with subpoenas +issued by a committee investigating convicted sex offender Jeffrey Epstein. The vote sets the stage for House Speaker Mike Johnson to certify the matter and refer Black's conduct to the Department of Justice for possible criminal prosecution.
Private equity firm Apollo Global warned Wednesday that credit default swaps for hyperscaler debt show that the bonds have grown more risky. The warning follows calls from frontier model companies to slow down the rate of technical advancements amid safety concerns.
Apollo Global Management, Inc. (APO) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
The midstream energy segment is seeing a wave of large-scale M&A after a slower start to 2026. This has been largely driven by companies racing to expand natural gas and crude oil infrastructure to support growing export demand for liquefied natural gas (LNG), natural gas liquids (NGLs), and crude oil.
The North American midstream sector is entering a period of accelerated growth. Surging liquefied natural gas (LNG) exports and rapidly expanding power generation demand are driving record multi-billion-dollar project backlogs.
Apollo Global Management (APO) reported earnings 30 days ago. What's next for the stock?
APO's AUM growth, strong capital inflows, and expanding fee-generating and perpetual capital assets could drive long-term earnings growth.
Apollo Global Management, Inc. (APO) M&A Call Transcript
Cooling inflation and softer jobs data eased Fed rate-hike fears, while AI, neocloud and memory ETFs delivered strong gains last week.