SpaceX locks in $40B GPU financing deal with Apollo
SpaceX has locked in a binding commitment for roughly $40 billion in financing to pay for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday. In a statement, SpaceX called…
SpaceX has reached a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday . SpaceX called the deal the “largest committed GPU financing” in a statement.
Under the agreement, an entity managed by Apollo Global Management, the New York-based private equity giant, will buy the chips and related server hardware, then lease the equipment to SpaceX. The leases will last about five to five-and-a-quarter years, beginning when each tranche of equipment is delivered, according to the filing.
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- TechCrunch26 Oct, 17:46SpaceX locks in $40B GPU financing deal with Apollo ↗Figures: 40 milliards
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