SpaceX locks in $40B GPU financing deal with Apollo

SpaceX has secured a binding commitment for approximately $40 billion in financing to fund AI chips and data center equipment. Disclosed in a regulatory filing, the company describes this as the largest committed GPU financing ever. The agreement is structured as a master finance lease with an entity managed by Apollo Global Management, rather than a direct cash payment or bond deal. Under this arrangement, the Apollo-managed entity purchases the GPUs and related server hardware.