SpaceX Signs $40B Apollo-Managed Lease for Nvidia AI Chips Due in 2027

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SpaceX has announced a $40 billion financing lease with Apollo Global Management to acquire advanced Nvidia hardware. The arrangement is intended mainly to support the company's Grok AI services and the needs of its cloud customers. Delivery of the equipment is scheduled for the first half of 2027, and the lease runs over five years. Several financial backers, including BlackRock and Goldman Sachs, are contributing to the funding. SpaceX says the investment is part of its effort to build the largest computing infrastructure in the world.

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