投资管理公司Pimco买下了一笔巨额SpaceX融资交易中价值40亿美元的份额，这将有助于推动该公司的人工智能雄心，据知情人士透露。
Investment Management Co. bought a $4 billion slice of a huge SpaceX financing deal that will help expand its artificial intelligence ambitions, according to people familiar with the matter.
埃隆·马斯克旗下的SpaceX周一表示，已与由Apollo Global Management Inc.（阿波罗全球管理公司）牵头的贷款方签署了一项约400亿美元的设备融资协议，以帮助促成Nvidia Corp.（英伟达公司）图形处理单元及相关设备的采购。
Elon Musk’s SpaceX on Monday said it signed a roughly $40 billion equipment-financing deal with lenders led by Apollo Global Management Inc. to help facilitate purchases of Nvidia Corp. graphics processing units and related equipment.
知情人士之一表示，Pimco正在购买整体债务包中所谓的A2档（tranche），即其中一部分份额。该人士因信息属私密而要求不具名。该部分债务处于整个债务包中更为次级和更为优先的档位之间。该债务将以144A债券形式发行，即可在特定机构投资者间交易的私募债务证券。
Pimco is buying part of the so-called A2 tranche, or slice, of the overall debt package, said one of the people, who asked not to be identified as the information is private. That portion of the debt sits between more junior and senior slices of the package. The debt will be issued as 144a bonds, or privately placed debt securities that can be traded among certain institutional buyers.
Pimco已成为推动AI繁荣的债务融资的关键买家，尽管这家总部位于纽波特比奇的资产管理公司已对行业的过度扩张发出警示。该公司曾是Oracle Corp.（甲骨文公司）密歇根州数据中心园区融资的锚定投资者，并支持了Meta在路易斯安那州的项目。Pimco代表拒绝置评，SpaceX代表未回应置评请求。
Pimco has become a key buyer of debt fueling the AI boom, though the Newport Beach-based asset manager has cautioned on the industry’s excesses. The firm was an anchor investor in financing Oracle Corp.’s data center campus in Michigan and backed Meta’s project in Louisiana. A representative for Pimco declined to comment, and a representative for SpaceX did not respond to a request for comment.
近几周，债券市场对AI公司的态度转冷，因为该行业的快速支出迄今已超过了其盈利能力。
Debt markets have soured on AI companies in recent weeks, as the industry’s rapid spending has outstripped its profitability to date.
这种波动扰乱了SpaceX债务的定价谈判，预计该债务将采取私募债券形式。周一未披露该债务的利率。彭博社上周五报道称，近几周的讨论曾将一部分次级债务的收益率定在8%中段区间，但近期的波动迫使投资者重新商议。
The volatility roiled pricing talks for the SpaceX debt, which is expected to take the form of privately placed bonds. The interest rate on the debt was not disclosed Monday. Discussions in recent weeks had placed a subordinated portion of the debt in the mid-8% yield range, but the recent volatility took investors back to the drawing board, Bloomberg reported Friday.
投资者的焦虑主要集中在所谓的“新云服务商”身上，这些公司向科技企业出售高端算力。马斯克一直试图将其公司与这些业务区分开来，他指出SpaceX拥有来自“星链”业务和火箭发射的收入。
Much of the investor angst has been focused on the so-called neoclouds, which sell high-end computing power to technology companies. Musk has sought to differentiate his company from those businesses, pointing to SpaceX’s revenue from its Starlink business and rocket launches.