SpaceX Secures $40 Billion GPU Financing Commitment With Apollo for Nvidia Chips - Quiver Quantitative
SpaceX has announced a binding commitment for approximately $40 billion in GPU financing through an entity managed by Apollo Global Management to lease Nvidia Vera Rubin chips for its terrestrial computing infrastructure.
The planned lease will finance Nvidia Vera Rubin chips and related equipment for SpaceX's terrestrial computing infrastructure. Closing is expected before year-end 2026, subject to specified conditions, with leases beginning upon equipment delivery in the first half of 2027.
Financing Details
Each equipment tranche will carry a lease term of approximately five to 5.25 years. Aggregate principal payments are expected to total $40 billion, with additional financing charges and expenses. The fixed rate remains to be determined.
Apollo and Goldman Sachs lead the financing, with Goldman Sachs serving as sole structuring agent. Funds and accounts managed by BlackRock and Goldman Sachs Asset Management, and capital accounts advised by KKR, made anchor commitments.
Strategic Expansion
The financing will enable SpaceX to expand its computing capacity for Grok and cloud customers. This significant investment underscores SpaceX's commitment to building out its terrestrial computing infrastructure to support its growing business needs.
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