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SpaceX discloses $40B Apollo financing to lease Nvidia GPUs

AISpaceX entered a binding commitment letter with Apollo Global Management for a master finance lease of Nvidia GPU processing pods and related equipment, according to an SEC filing. Apollo will buy the equipment with private bonds and lease each tranche to SpaceX, with aggregate principal payments of about $40 billion over terms of roughly five to five and a quarter years.
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SpaceX’s new SEC filing reveals a binding $40B commitment to lease Nvidia GPUs from Apollo.

The Apollo vehicle will buy the pods and related equipment with private bonds, then lease each delivered tranche to SpaceX.

Quarterly rent covers 5% of each tranche’s cost plus fixed-rate interest still to be priced, clearing principal within 5 to 5.25 years.

Closing is expected by year-end, with leases starting as GPUs arrive in the first half of 2027.

SpaceX calls it the largest committed GPU financing, ahead of a $36B notes deal used to buy and lease GPUs to Anthropic.

This story is featured in top picks: “SpaceX reaches $40 billion GPU financing deal with Apollo”

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Rohan Paul · x.comPublished

Original title: SpaceX’s new SEC filing reveals a binding $40B commitment to lease Nvidia GPUs from Apollo.

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