$SPCX just signed a binding commitment for a ~$40B Apollo financing deal to lease $NVDA next-gen Vera Rubin GPUs with deliveries expected to begin in early 2027.
Pretty interesting timing after Musk warned that credit markets are shutting out AI-only neoclouds while SpaceX is securing billions in next-gen compute without tying up capital needed for Starlink and Starship.
$SPCX SIGNS BINDING COMMITMENT FOR $40 BILLION GPU FINANCING DEAL WITH APOLLO
SpaceX has entered into a binding commitment letter with an Apollo Global Management-managed entity to finance GPU pods and related data center equipment.
Under the proposed agreement, Apollo's entity would acquire the equipment and lease it to SpaceX, with approximately $40 billion in aggregate principal payments over lease terms of five to 5.25 years.
The deal is expected to close before year-end, with GPU deliveries and lease payments beginning in the first half of 2027.
The $40 billion figure excludes interest and other costs, with the final financing rate still to be determined.
$SPCX SpaceX Enters Binding Commitment To Master Finance Lease With Apollo Global - SEC Filing
- Aggregate Principal Payments Under Lease Schedules Expected To Total $40 BLN
- Apollo Global To Buy And Lease GPU Pods And Equipment To SpaceX
- Master Finance Lease Expected To Close Prior To Year End
JUST IN: $NBIS signs binding agreement with AIB Data Centers for 50 MW of IT in the southeastern United States
• Initial contract term is 12 years, and optional renewals could increase total contract value.
• Customer prepayments and project financing are expected to fund substantial initial costs and limit potential common-share dilution.
• 15-year power agreement supports the project with 65 MW of utility load