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SpaceX locks in $40B GPU financing deal with Apollo
The financing gives SpaceX another way to fund its rapidly expanding AI ambitions without relying solely on traditional debt markets.
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 . In a statement, SpaceX called the deal the “largest committed GPU financing” .
Under the agreement, an entity managed by Apollo Global Management, the New York-based private equity giant, will buy the chips and related server hardware, then lease the equipment to SpaceX. The leases will last about five to five-and-a-quarter years, beginning when each tranche of equipment is delivered, according to the filing.
SpaceX expects the deal to close by year-end, subject to closing conditions, with leases starting in the first half of 2027 as the GPUs and related equipment arrive.
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