SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals

Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion [...]

SoftBank wants to borrow $10 billion against its OpenAI stake. The spread tells you what the banks think.

Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge [...]

SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations

SoftBank has reduced a loan secured by OpenAI shares from 10 to around 6 billion dollars. Lenders are apparently reluctant to reliably assess the value of an unlisted company like OpenAI. <br /> [...]

SoftBank seeks a second $10bn loan against its OpenAI stake

SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not ind [...]

Nintendo just introduced a way to loan out digital games to friends and family

Today’s Nintendo Direct provided a surprising bit of software news. The company just announced something called Virtual Game Card, which is a way to make playing and sharing downloaded titles more c [...]

Softbank seeks record $40 billion loan to fund OpenAI stake

A $40 billion loan for a single bet on OpenAI. Softbank is taking what the AI industry has been doing for a while to its logical extreme: financing the boom on credit.<br /> The article Softbank [...]

A $1.3bn loan will help build a Texas data centre for Anthropic

An investment firm is lending about $1.3bn to help build a giant AI data centre in Texas that will house Anthropic. It is one of the latest jumbo deals fuelling the AI boom. Eagle Point Credit Managem [...]

Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure

Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]

SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders

SoftBank has gone back to lenders with a $10bn loan proposal secured against its OpenAI stake, and this time it is offering to personally guarantee the debt, according to Reuters, which cited people f [...]