SpaceX Strikes $40B GPU Financing Deal With Apollo – Deliveries Expected In 2027

What happened

SpaceX confirmed a binding commitment for about $40 billion in GPU financing with an entity managed by Apollo Global Management. The Apollo entity will buy GPUs and data-center equipment and lease it to SpaceX, with deliveries starting in the first half of 2027.

Confirmed

Global impact / market context

This deal lets SpaceX obtain expensive AI computing equipment without paying the full cost upfront, spreading payments over five-year leases. That supports its plan to build a very large AI computing system while keeping more cash available for other spending.

Analyst inference

The agreement shows investors are willing to fund large AI infrastructure builds through leasing structures. It ties SpaceX's AI ambitions to Nvidia's next-generation chips, while Apollo, BlackRock and KKR-linked funds gain lease payments from a major technology borrower.

Analyst inference

What to watch

1. The agreement is expected to close before year-end, with GPU deliveries beginning in the first half of 2027. Watch whether the closing happens on that timeline and whether equipment arrives in batches as stated. Confirmed
2. Watch whether SpaceX deploys Nvidia's Vera Rubin chips as planned. This is the intended use of the financing, so any change to the chip plan would alter the equipment being leased and the computing capacity added. Proposed
3. Watch SpaceX's total principal payments of roughly $40 billion over five-year leases. Large fixed lease obligations could reduce financial flexibility if AI computing demand or SpaceX's other projects do not generate expected cash. Analyst inference

Evidence

• stocktwits.com