SpaceX, under the leadership of Musk and operating within both the aerospace and artificial intelligence realms, has announced plans to raise a significant amount of debt to acquire Nvidia chips. These chips will be instrumental in constructing its proprietary data centers. The comprehensive financing package totals $40 billion, comprising $10 billion in bank loans and $30 billion in investment-grade bonds. Apollo Global Management is at the forefront of this financing effort, with bond behemoth PIMCO also showing keen interest in joining the initiative. In reaction to this development, SpaceX's share price experienced a 2% decrease during early trading on Wednesday. Presently, SpaceX's AI computing division is already yielding substantial revenue, with company executives highlighting that AI computing orders are propelling them closer to their objective of attaining $100 billion in annual recurring revenue. Additionally, SpaceX recently inked a new colocation services pact, set to take effect on December 1st of this year, which is projected to contribute an extra $13 billion in annual recurring revenue. Wall Street analyst Dan Ives posits that SpaceX's existing AI orders, coupled with the cash flow generated from its Starlink business, are adequate to facilitate debt repayment. Consequently, he deems it more prudent to move forward with financing for computing projects rather than postponing construction. Ives assigns SpaceX an 'Outperform' rating, accompanied by a target price of $225, asserting that the current share price is undervalued and that the period leading up to the 15th launch of the Starship presents an opportune moment for investment.