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SpaceX has reached a binding financing lease agreement of approximately $40 billion with Apollo Global Management. According to heise online, an Apollo subsidiary will purchase AI chips and server hardware and lease them to SpaceX, with Goldman Sachs and BlackRock also participating in the funding. The agreement involves NVIDIA's next-generation Vera Rubin chips and is intended to expand SpaceX's ground-based computing capacity. Each lease term is slightly more than five years, with signing expected by the end of 2026 and lease commencement in the first half of 2027 upon GPU delivery. SpaceX CFO Bret Johnsen said the lease diversifies funding sources, and the computing capacity will be used to run Grok and serve cloud service customers. Another report said SpaceX disclosed the $40 billion commitment in an SEC filing; Apollo will use private placement bonds to purchase GPUs and related equipment and then lease them out in batches, with quarterly rent covering 5% of each batch's cost plus fixed-rate interest, and principal repaid over 5 to 5.25 years. SpaceX called it the largest committed GPU financing to date.
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Anthropic Files Prospectus as North American Tech Giants Ramp Up AI Capital ExpenditureDevelopments
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Oct 28
Sina Tech
Anthropic Files Prospectus as North American Tech Giants Ramp Up AI Capital Expenditure
On October 26, Anthropic publicly submitted its S-1 prospectus to the U.S. Securities and Exchange Commission. Based on the previously estimated $100 billion financing, a successful listing would make it the largest IPO in history. The prospectus shows that in the first half of 2026, Anthropic's revenue was $16.29 billion, computing power and infrastructure spending was close to $9 billion, and signed computing power contracts totaled at least $657 billion, with terms extending as far as 2045. During the same period, Meta launched approximately $35 billion in equity financing, SpaceX announced approximately $40 billion in GPU equipment financing lease arrangements, and Microsoft, Google, and Amazon also raised their capital expenditure plans.
Oct 27
East Money
AI Financing Diverges: Stock Investors Warm Up, Bond Investors Turn Cautious
Cailianshe reports that the funding demand brought by AI infrastructure construction is changing the financing market landscape: Meta plans to raise up to $95 billion through a stock sale, with Nvidia, AMD, and Broadcom potentially subscribing up to $5 billion of it; Anthropic has officially submitted an IPO application and may in the future raise up to $100 billion through the stock market; SpaceX has reached an approximately $40 billion financing lease commitment with an entity managed by Apollo to acquire AI chips and related equipment. Bond investors, by contrast, are more focused on where the financing ends. Goldman Sachs chief credit strategist Amanda Lynam pointed out that the AI-related debt market has already seen an adjustment, with investors demanding higher returns from companies with higher credit risk.
heise online
Microsoft offers voluntary severance to 60,000 employees; SpaceX and Apollo reach a $40 billion AI chip leasing agreement
Microsoft has sent "voluntary departure" offers to approximately 60,000 employees, about 27% of its global workforce, with those accepting receiving compensation. SpaceX and Apollo Global Management have reached a financing agreement of approximately $40 billion, under which an Apollo subsidiary will purchase Nvidia AI chips and accompanying server hardware and lease them to SpaceX. Anthropic has submitted an IPO application to the SEC, with revenue in the first half of 2026 growing 14-fold year-over-year to $16.3 billion, about 80% of which comes from usage-based API revenue.
heise online
SpaceX and Apollo Reach Approximately $40 Billion Financing Agreement to Lease NVIDIA Vera Rubin Chips
SpaceX has reached a binding financing agreement of approximately $40 billion with Apollo Global Management, under which an Apollo subsidiary will purchase AI chips and server hardware and lease them to SpaceX, with Goldman Sachs and BlackRock also participating in the funding. The agreement involves NVIDIA's next-generation Vera Rubin chips, to be used to expand SpaceX's ground-based compute capacity; each lease has a term of slightly more than five years, with signing expected by the end of this year and lease commencement in the first half of 2027 as the GPUs are delivered. SpaceX CFO Bret Johnsen said the lease can diversify funding sources, and the compute capacity will be used to run Grok and serve cloud service customers.
Rohan Paul
SpaceX discloses $40 billion Nvidia GPU lease commitment in SEC filing
In a new SEC filing, SpaceX disclosed a binding $40 billion commitment to lease Nvidia GPUs from Apollo. Apollo will use private placement bonds to purchase the GPUs and related equipment, then lease them to SpaceX in tranches; quarterly rent covers 5% of each tranche's cost plus fixed-rate interest, with principal repaid over 5 to 5.25 years. The deal is expected to close by the end of the year, with leasing commencing as GPUs arrive in the first half of 2027. SpaceX says this is the largest committed GPU financing, exceeding a $36 billion note transaction used to purchase and lease to Anthropic.
TechCrunch AI
SpaceX and Apollo Reach Roughly $40 Billion GPU Financing Agreement
SpaceX disclosed in a regulatory filing that it has reached a binding financing commitment of roughly $40 billion with an entity managed by Apollo for AI chips and data center equipment. The entity will purchase the chips and related server hardware and lease them to SpaceX for a term of about 5 to 5.25 years; the deal is expected to close by the end of the year, with the lease beginning in the first half of 2027 when the equipment arrives. Apollo said the financing will help deliver Nvidia's next-generation Vera Rubin chips for SpaceX's ground-based compute buildout.
Oct 26
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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.
Wallstreetcn
SpaceX Signs ~$40 Billion GPU Financing Lease Agreement with Apollo to Purchase NVIDIA Vera Rubin Chips
SpaceX has signed a financing lease agreement for GPUs and related equipment with Apollo Global Management, with estimated total lease payments of approximately $40 billion, to purchase NVIDIA's next-generation Vera Rubin chips. Goldman Sachs served as sole structuring advisor, with BlackRock, Goldman Sachs Asset Management, and accounts under KKR as the main commitment parties, and the transaction is expected to close before the end of this year. Equipment will be delivered in batches, with each batch corresponding to a separate lease schedule, lease terms of approximately 5 to 5.25 years, and each batch expected to commence successively in the first half of 2027.
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