Massive Capital Inflows & Creative Financing

Nvidia $500B consortium (zero capital committed); SoftBank $6.5B; Switch $50B IPO; Meta $145B capex; Big Four $745B target. New: Barclays SPV financing backstops separate datacenter from compute risk. CoreWeave debt/capex risks with customer concentration. Duke Energy $1.75B for power infra. Nvidia weighs $3B equity + $100B credit for SB Energy Ohio. Data center REITs up 35% YTD; 10-year yield above 5% key risk. Equinix $424M bookings. Helix JV (Nvidia/KKR). SpaceX planning up to $500B. Inference economics explain arms race.