SpaceX secured a $40B financing deal for AI chips and data center gear. Apollo Global Management will buy the hardware and lease it back to SpaceX. Leases run five to five and a quarter years from delivery. SpaceX expects the deal to close by year-end. Leases start in early 2027 as equipment arrives. The financing diversifies funding for SpaceX’s AI growth plans. SpaceX CFO Bret Johnsen cited sub-one-year payback on AI infrastructure. Apollo will supply Nvidia’s next-gen Vera Rubin chips for SpaceX’s compute buildout. SpaceX’s AI segment earned $7.6B in Q3 2026. The company plans $35B–$40B in capex for Q4 2026 alone.
What changed
SpaceX relied solely on traditional debt markets for AI infrastructure funding.
What it unlocks
Funding AI ambitions without tapping traditional debt markets.
- $40B financing for AI chips and data center equipment
- 5 to 5.25-year lease terms
- $7.6B AI segment revenue in Q3 2026
- $35B–$40B expected Q4 2026 capex
What you need to act on it
- binding commitment from Apollo Global Management
- closing conditions met
- GPUs and equipment delivered
Sources