SpaceX and Apollo finalize $40B GPU financing deal

SpaceX locks in $40B GPU financing deal with Apollo

SpaceX says it has secured about $40 billion in financing commitments for AI chips and related data center equipment. Entities managed by Apollo Global Management will buy the equipment and lease it back to SpaceX.

Why it matters: Buying and leasing back GPU gear turns AI infrastructure spending into lease financing, so SpaceX leans less on one debt market.