SpaceX commits to an approximately $40 billion GPU lease

Technology · First reported 26 Oct, 13:58 · Updated 19:09

SpaceX disclosed a binding commitment to enter a lease with an Apollo-managed entity for GPUs and related equipment, including NVIDIA Vera Rubin chips. The deal remains subject to closing conditions; SpaceX expects it to close before year-end 2026, with deliveries and lease schedules beginning in the first half of 2027.

SpaceX said it signed a binding commitment on October 24, 2026, to enter an approximately $40 billion master finance lease with an Apollo-managed entity.
The equipment is intended for data centres selected by SpaceX and includes NVIDIA’s next-generation Vera Rubin chips.
Apollo and Goldman Sachs led financing commitments; BlackRock-managed funds, Goldman Sachs Asset Management and KKR-advised accounts also made anchor commitments.
Equipment deliveries and the start of lease schedules are expected in the first half of 2027. SpaceX expects the transaction to close before the end of 2026, subject to conditions.
SpaceX says the computing capacity will support Grok and cloud services for current and future customers.

Summary written by Lux AI from 6 articles

Key facts

Commitment: Approximately $40 billion; binding commitment to enter a master finance lease.
Parties: Apollo-managed lessor; Apollo and Goldman Sachs led financing commitments.
Equipment: GPU pods and related equipment, including NVIDIA Vera Rubin chips.
Expected timing: Expected closing before year-end 2026; deliveries and lease schedules expected in the first half of 2027.
Lease duration: Approximately five to five and one-quarter years per tranche schedule.