SpaceX agreed to a $40 billion equipment lease to support its AI expansion
SpaceX secured a binding roughly $40 billion equipment-financing commitment with an Apollo Global Management-managed entity, according to a Monday filing. The entity will buy AI chips and server hardware and lease them to SpaceX. The deal is expected to close by year-end, with deliveries and lease starts in the first half of 2027. Bloomberg said the fixed rate is unset.
More context
Monday's filing said SpaceX agreed to a roughly $40 billion equipment-financing lease with an Apollo-managed entity to support its AI expansion. Under the arrangement, the entity will purchase GPUs and server hardware for lease to SpaceX. The Times of India reported that the chips include Nvidia’s next-generation Vera Rubin models. The leases will last about five to five-and-a-quarter years, starting as each equipment tranche is delivered, according to TechCrunch’s account of the filing. The Times of India reported closing is expected before year-end, subject to conditions, and deliveries and lease schedules are due to start in the first half of 2027. Goldman Sachs was the sole structuring agent; funds managed by BlackRock and Goldman Sachs Asset Management, and accounts advised by KKR, made anchor commitments. Bloomberg said pricing has not set the fixed rate.
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Reporting
- The Times of India — Elon Musk's SpaceX agrees to a $40 billion financing lease with an Apollo-managed firm for Nvidia's next-generation AI chips, with equipment due in 2027 as the company expands its computing business - The Times of India
- Bloomberg — SpaceX Signs $40 Billion Chip Financing Deal With Apollo for AI Expansion - Bloomberg
- TechCrunch — SpaceX locks in $40B GPU financing deal with Apollo | TechCrunch
- financialpost.com — SpaceX agrees to US$40 billion chip-financing Apollo deal | Financial Post
- tradingview.com — Elon Musk's SpaceX Secures Massive $40 Billion Deal — TradingView News
- oodaloop.com — SpaceX Agrees to Massive $40 Billion Financing Deal with Apollo to Fund Advanced Semiconductor Infrastructure — OODAloop
Verifier’s note
Times of India, Bloomberg, TechCrunch, GuruFocus (on TradingView), and OODAloop report SpaceX’s roughly $40 billion Apollo financing arrangement for AI chips or related computing equipment; Financial Post carries Bloomberg News’s report. These results are dated October 26, 2026, and support the proposed event’s central claim.