SpaceX locks in $40B GPU financing deal with Apollo
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SpaceX has secured a binding $40 billion financing commitment from Apollo Global Management to purchase AI chips and data center equipment through equipment leases lasting five to five-and-a-quarter years. The transaction is expected to close by the end of the year, with leases starting in the first half of 2027 to support Nvidia's next-generation Vera Rubin chips and scale compute for Grok and cloud services. According to CFO Bret Johnsen, the lease diversifies funding sources and yields payback periods of under one year.
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