SpaceX secures $40 billion GPU financing deal with Apollo Global Management
SpaceX has secured a binding commitment for approximately $40 billion in financing for AI chips and data center equipment. Under the agreement, an entity managed by Apollo Global Management will purchase the hardware and lease it to SpaceX for five to five-and-a-quarter years, starting in the first half of 2027. The deal aims to diversify SpaceX's funding sources for its AI infrastructure expansion, including projects like Grok and cloud services.
This landmark $40 billion lease deal highlights SpaceX's growing influence in AI infrastructure financing and underscores Apollo's role in facilitating large-scale hardware acquisitions, marking a significant shift in how major tech companies fund AI compute resources.
Source: TechCrunch · AI · techcrunch.com