$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.
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