SpaceX locks in $40B GPU financing deal with Apollo
SpaceX has locked in a binding commitment for roughly $40 billion in financing to pay for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday. In a statement, SpaceX called it the “largest committed GPU financing” ever.
TL;DR
- SpaceX has committed to roughly $40 billion in financing for AI chips and data center equipment.
- The deal is with an entity managed by Apollo Global Management, which will buy and lease the equipment to SpaceX.
- Leases are expected to begin in the first half of 2027 and last approximately five to five-and-a-quarter years.
- This financing diversifies SpaceX's funding, moving away from sole reliance on traditional debt markets.
- SpaceX's AI segment, including Grok, outperformed expectations in Q3, generating $7.6 billion in revenue.
- Capital expenditures surged to nearly $20 billion as SpaceX expands its compute footprint.
- Elon Musk highlighted this deal as a advantage over pure-play AI compute rivals facing debt market difficulties.