SpaceX Stocks Move Higher as $40 Billion AI Lease Lands

What happened

SpaceX stock rose to $148.30, up 0.55%, as investors weighed a proposed $40 billion lease deal with an Apollo-managed entity. The leases would run about 60 to 63 months and start as equipment arrives in the first half of 2027, awaiting a year-end closing.

Proposed

Global impact / market context

The deal gives SpaceX more computing capacity without paying the full hardware bill upfront, which means less cash spent at once. But it adds future lease payments, and the interest rate is undisclosed, so the true cost of this borrowed-equipment route stays unknown.

Analyst inference

SpaceX's Super Intelligence division spent $16.444 billion on capital spending in the third quarter against $7.560 billion of revenue, showing investment far above operating profit. The GF Score of 21/100 signals a loss-making valuation that depends on future execution.

Analyst inference

What to watch

1. Watch for the expected year-end closing, the final lease terms, and GPU deliveries in the first half of 2027, since the interest rate has not been disclosed and total financing cost remains unclear. Confirmed
2. The proposed leases, subject to approval, would move hardware ownership to the Apollo-managed financing vehicle while SpaceX makes lease payments over roughly 60 to 63 months starting in 2027. Proposed
3. Watch whether the added computing capacity generates enough cash to cover the new lease payments, since weak cash generation would strain the company's ability to fund both operations and future growth. Analyst inference

Evidence

• gurufocus.com