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SpaceX has signed a $40 billion master finance lease with Apollo Global Management to procure GPU pods and data center equipment for its AI infrastructure, with deliveries of Nvidia Vera Rubin chips set to begin in the first half of 2027 and the deal closing before the end of 2026. The five to 5.25 year agreement involves scheduled principal payments and clarifies earlier conflicting reports about the deal's status, as SpaceX's AI unit became its largest segment with $7.56 billion in Q3 revenue. Elon Musk has warned that smaller neocloud providers may face consolidation as debt markets tighten for firms lacking revenue streams outside of AI data centers.
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Key sources
- SOURCE@deitaone“SpaceX has entered into a binding commitment for a master finance lease with Apollo Global Management ($APO ), according to an SEC filing.”x.com
- SUPPORT@wallstengine“approximately $40 billion in aggregate principal payments over lease terms of five to 5.25 years.”x.com
- SUPPORT@business“people familiar with the matter said the parties were still engaged in pricing discussions as of Sunday and the deal had not yet closed.”x.com
- SUPPORT@edzitron“your financiers are immediately saying “yeah yeah nothing is signed yet” over your $40 billion deal”x.com
- SUPPORT@stockmktnewz“As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.”x.com
- SUPPORT@negligible_cap“SPACEX TO SIGN $40B GPU EQUIPMENT FINANCE LEASE WITH APOLLO”x.com
- SUPPORT@photoncap“SpaceX's AI business segment grew ninefold to $7.56 billion in Q3 revenue, becoming the company's largest unit.”x.com
- SUPPORT@sonalibasak“Apollo will be responsible for buying and leasing GPUs, with roughly a five-year lease term totalling $40 billion.”x.com