SpaceX lands $40B GPU financing deal with Apollo
spacex secures $40 billion financing for ai chips and data center equipment with apollo global management, diversifying funding sources for its ai ambitions.
spacex has secured a $40 billion financing deal with apollo global management for ai chips and related data center equipment. the agreement involves apollo buying the chips and server hardware, then leasing them to spacex for 5-5.25 years. the deal is expected to close by year-end, with leases starting in the first half of 2027. spacex cfo bret johnsen stated that this lease diversifies their funding sources and addresses a notable portion of the funding required for their growth plans. the financing comes as spacex ramps up spending on ai infrastructure, with its ai segment generating $7.6 billion in revenue in the third quarter. the deal also signals spacex's advantage in accessing debt markets due to its 'investment-grade' status and steady cash flow from starlink and rocket launches.