SpaceX locks in $40B GPU financing deal with Apollo
- Who
- SpaceX
- What
- secured a binding financing commitment roughly $40 billion for AI chips and related data center equipment to be purchased by an Apollo-managed entity and leased to SpaceX
- Quote
SpaceX has reached a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday .
What happened
SpaceX disclosed a binding commitment for roughly $40 billion in AI chip and data center equipment financing through an Apollo Global Management entity, which will purchase the hardware and lease it to SpaceX. The leases will run about five to five-and-a-quarter years. SpaceX expects closing by year-end, subject to conditions, with leases beginning in the first half of 2027 as equipment arrives.
Why it matters
The equipment lease illustrates how SpaceX is diversifying funding for its AI infrastructure expansion as rising capital expenditures put pressure on financing across the sector.
Read next
See the full storySpaceX Secures Roughly $40 Billion Apollo Commitment to Finance AI HardwareThe story so far
SpaceX secured a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment through an Apollo Global Management entity, with closing still subject to conditions. SpaceX disclosed the commitment in a regulatory filing and expects the deal to close by the end of 2026. The Apollo-managed entity will buy the hardware and lease it to SpaceX for about five to five-and-a-quarter years. SpaceX expects the leases to begin in the first half of 2027 as the GPUs and related equipment arrive.
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