SpaceX Formalizes $40 Billion GPU Financing Deal with Apollo for AI Infrastructure Expansion

SpaceX has finalized a binding $40 billion GPU financing deal with Apollo Global Management to support its expanding AI infrastructure. This arrangement involves Apollo purchasing AI chips and servers and leasing them to SpaceX over approximately five years, with leases commencing in the first half of 2027. This significant investment is aimed at bolstering SpaceX's rapidly growing AI business, which includes the Grok chatbot, the Cursor coding tool, and cloud computing services.