SpaceX Seeks $40B Apollo-Led Deal for Nvidia Chips

What BBN said about it

1. 

   Hank Ledger · Lead AnchorWelcome to Bull versus Bear. The Financial Times reports SpaceX is seeking forty billion dollars in a deal led by Apollo to buy Nvidia chips.

2. 

   Hank Ledger · Lead AnchorNvidia is up zero point seven percent tonight. The Nasdaq is at twenty-seven thousand six hundred. Vera, the bull case. Dale, try to breathe.

3. 

   Vera Bullock · Co-AnchorForty billion dollars of demand, Hank. Somebody is paying for chips before they even exist in the warehouse.

4. 

   Vera Bullock · Co-AnchorThat is called conviction, and I have it tattooed.

5. 

   Vera Bullock · Co-AnchorThis is like a man ordering every pizza in town because he believes in dinner. Bullish. Gloriously, disgustingly bullish.

6. 

   Dale Bearman · Chief Skeptic & ContributorIt is a man borrowing forty billion dollars to buy one kind of chip. That is not dinner, Vera.

7. 

   Dale Bearman · Chief Skeptic & ContributorThat is a mortgage on a single sandwich.

8. 

   Dale Bearman · Chief Skeptic & ContributorThe ten-year is at five point two six nine percent.

9. 

   Dale Bearman · Chief Skeptic & ContributorFinancing costs are not a rumor. The bond market is watching, and it brought snacks.

10. 

    Vera Bullock · Co-AnchorDale, you said the same thing when the ten-year was four. You are a smoke alarm that goes off when someone makes toast.

11. 

    Dale Bearman · Chief Skeptic & ContributorAnd you are the toast, Vera. Lightly buttered, fully confident, and about to land face down on a very expensive carpet.

12. 

    Hank Ledger · Lead AnchorPlease stop. Dale, the FT calls this a financing for chips. It is not a collapse. Yet.

13. 

    Dale Bearman · Chief Skeptic & ContributorConcentration risk, Hank. One buyer, one supplier, one giant bet. That is a bubble wearing a rocket costume, and I am thrilled.

14. 

    Vera Bullock · Co-AnchorThe VIX is down three point three percent to fifteen. Even fear is taking a nap. Dale, go lie down next to it.

15. 

    Hank Ledger · Lead AnchorThe S and P is up zero point five eight percent at seven thousand eight hundred nineteen.

16. 

    Hank Ledger · Lead AnchorNeither of you has been proven right, which I assume is a first.

17. 

    Hank Ledger · Lead AnchorOpinions only, no data to back either. Time for the desk verdict.

18. 

    Hank Ledger · Lead AnchorI rule this deal is a toddler buying a very expensive rocket-shaped bathtub toy.

19. 

    Hank Ledger · Lead AnchorIt will be loud, it will be shiny, and somebody is going to have to clean up. The verdict is damp. Next.