SpaceX secures $40 billion financing for AI chip infrastructure
The short version
- SpaceX has secured a $40 billion financing lease with Apollo Global Management for AI chips and data center equipment.
- The agreement supports SpaceX's Grok AI services and cloud customer needs.
- The equipment is scheduled for delivery in the first half of 2027 and will be leased over five years.
- Financial backing includes contributions from BlackRock and Goldman Sachs.
- SpaceX described the deal as the largest committed GPU financing ever in a regulatory filing.
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First reported by TechCrunch SpaceX locks in $40B GPU financing deal with Apollo
The Times of India Elon Musk’s SpaceX agrees to $40B Apollo-managed lease for Nvidia AI chips due in 2027