SpaceX Secures $40 Billion GPU Financing Deal with Apollo Global Management
SpaceX has entered into a binding agreement with an entity managed by Apollo Global Management to secure approximately $40 billion in financing for AI chips and data center equipment. Under the terms of the deal, Apollo will purchase the hardware—including Nvidia's next-generation Vera Rubin chips—and lease it back to SpaceX for a period of roughly five years. The transaction is expected to close by year-end, with leases commencing in the first half of 2027. The financing supports SpaceX's massive expansion into AI infrastructure, which includes its Grok chatbot and cloud services. In the third quarter, SpaceX's AI segment generated $7.6 billion in revenue, accounting for over half of the company's total $14.6 billion revenue. This deal provides a diversified funding source as capital expenditures surge, with the company projecting spending between $35 billion and $40 billion in the fourth quarter alone.
Topics: AI Infrastructure Capital Expenditure GPU Financing Leasing Agreement
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Part of the story SpaceX Secures $40 Billion Debt Financing for AI GPU Procurement (5 articles)