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SpaceX Secures Roughly $40 Billion Apollo Commitment to Finance AI Hardware

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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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Latest development10/27 00:46 (UTC+8)
SpaceX locks in $40B GPU financing deal with ApolloTechCrunch · AI

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10/27
  1. TechCrunch · AIPicks
    SpaceX locks in $40B GPU financing deal with Apollo

    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.

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