🚀SpaceX Locks In $40 Billion in GPU Leases Backed by Apollo

SpaceX just bought itself a lot of GPU runway

SpaceX just locked in roughly $40 billion of financing for AI chips and data center gear, and it's structured as leases from an entity managed by Apollo Global Management. Leases run about five to five-and-a-quarter years, with the deal expected to close by year-end, subject to closing conditions. If you're building on or pricing against GPU capacity, pay attention. This is one of the largest committed GPU financings on record, and it tells you the debt markets are still open for players with real cash flow, even while they've shut the door on AI infrastructure companies without it. Pure-play AI compute providers are expected to benefit from the same shift in lender appetite. The numbers explain why SpaceX needed it. Its AI segment brought in $7.6 billion of the company's $14.6 billion third-quarter revenue, but capital expenditures nearly hit $20 billion in that same quarter. SpaceX expects to spend $35 billion to $40 billion in the fourth quarter alone. Leases start in the first half of 2027 as Nvidia's Vera Rubin GPUs and related equipment arrive. SpaceX says its AI infrastructure investments pay back in less than a year, which is the real reason lenders are willing to play.