SpaceX locks in $40B GPU financing deal with Apollo

SpaceX disclosed in a regulatory filing that it has a binding commitment for roughly $40 billion in financing for AI chips and data center equipment, with an Apollo Global Management-managed entity buying the hardware and leasing it back to SpaceX over about five to five-and-a-quarter years per tranche. SpaceX expects the deal to close by year-end, with leases starting in the first half of 2027, and CFO Bret Johnsen said it diversifies funding sources and addresses a notable portion of the funding needed for growth plans. Apollo said the financing will help deliver Nvidia's next-generation Vera Rubin chips for SpaceX's "terrestrial compute buildout."