SpaceX says it secured a $40 billion Apollo commitment for GPUs
🎧 Listen to this story
SpaceX disclosed in a regulatory filing a binding commitment of roughly $40 billion with an entity managed by Apollo Global Management. The entity will buy chips and servers, including Nvidia’s next-generation Vera Rubin chips, and lease the equipment to SpaceX for about five to five-and-a-quarter years; the deal is expected to close by year-end, with deliveries starting in the first half of 2027.
SpaceX said the financing diversifies its funding sources as it expands AI infrastructure for Grok and its cloud services. The company reported that its AI segment generated $7.6 billion of $14.6 billion in third-quarter revenue, while capital expenditures reached nearly $20 billion.
Why it matters · editorial interpretation
The commitment combines Apollo financing with the purchase and leasing of chips and servers, giving SpaceX another source of capital to expand its AI infrastructure. The deal’s size also puts that plan in context alongside the nearly $20 billion in capital expenditures the company reported.
Sources
BusinessHardware