SpaceX and Apollo Reach Approximately $40 Billion GPU Financing Lease Agreement
SpaceX announced a binding financing arrangement with Apollo, under which the two parties will sign a master financing lease agreement worth approximately $40 billion for GPUs and related equipment, expected to be signed within 2026. The agreement will provide next-generation NVIDIA Vera Rubin chips for SpaceX's ground-based computing buildout, and the lease plan is expected to begin implementation after equipment delivery in the first half of 2027. SpaceX Chief Financial Officer Bret Johnsen said that the payback period for investment in system integration infrastructure has been shortened to less than one year, and this funding will be used to support Grok services for enterprises and consumers as well as cloud service customers.
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This approximately $40 billion GPU financing lease arrangement demonstrates a funding structure for computing capacity expansion, as well as the timing for delivery and lease commencement.
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SpaceX Secures Largest GPU Financing Arrangement in History, Agreement Totals Approximately US$40 Billion
2026-10-26 20:42 IT Home - Su Bo (Intern)
IT Home, October 26 News: SpaceX today local time officially announced the financing arrangement it has reached with alternative asset management giant Apollo.
Under the binding commitments between the two parties, SpaceX and Apollo will sign a master financing lease agreement for GPUs and related equipment valued at approximately US$40 billion (IT Home note: approximately RMB 267.098 billion at current exchange rates), with the specific signing time expected to fall within 2026.
This GPU financing agreement, the largest to date, will provide SpaceX's ground-based computing buildout with next-generation NVIDIA Vera Rubin chips. The lease plan is expected to begin implementation after the GPUs and related equipment are delivered in the first half of 2027.
SpaceX Chief Financial Officer Bret Johnsen said:
SpaceX is committed to deploying the world's largest computing infrastructure. As demand for computing power continues to accelerate, we have found that the payback period for investment in system-integrated infrastructure has shortened to less than one year.
This lease agreement not only further diversifies our funding sources but also addresses a considerable portion of the capital needed to achieve our growth plans. We are committed to bringing more computing capacity into operation at record speed to support the Grok services for enterprises and consumers, and to support existing and future cloud service customers.
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