ETFs on the Move: CSOP Two Times Long Tesla (07766) Gains Over 9%, SpaceX Bets $40 Billion on AI Computing Infrastructure

Stock News10:22

CSOP Two Times Long Tesla (07766) rose more than 9%, up 9.41% at HK$94.2 as of press time, with turnover of HK$1.2663 million.

On the news front, market media reported that SpaceX has signed an equipment financing lease agreement worth approximately $40 billion with Apollo Global Management Inc. to pay for the chips needed to develop its artificial intelligence (AI) business.

SpaceX said in a regulatory filing on Monday that it will determine the final fixed rate payable at the time of pricing, which has not yet been completed. The deal is expected to close before the end of this year, and the leasing arrangement is expected to take effect in the first half of next year.

Notably, the NVIDIA Vera Rubin chip chosen by SpaceX this time is NVIDIA's next-generation flagship product for data centers, representing the forefront of current AI computing hardware.

SpaceX stated that this computing infrastructure buildout serves its defined goal of a "superintelligent future," showing that the company, beyond its core aerospace business, is investing in AI capabilities as a strategic-level asset.

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