SpaceX has secured a $40 billion financing deal for AI chips and related data center equipment through a lease agreement managed by Apollo Global Management. This deal, described as the largest committed GPU financing, will support SpaceX's rapid AI infrastructure growth, including powering its Grok chatbot and cloud services. The leases will span about five years, starting as equipment is delivered from 2027. This financing diversifies SpaceX's funding sources amid soaring capital expenditures and strong AI business performance, which generated $7.6 billion in revenue in Q3, surpassing its Starlink and rocket launch segments combined. CEO Elon Musk highlighted SpaceX's strong revenue streams as a competitive advantage over AI-focused companies struggling to secure funding.
As of Oct 27, 2026 00:02 WIB, Apollo Global Management's stock (APO) is trading at USD 115.75 on Pluang, showing a 1-day gain of 2.59%. The company, which is managing the $40 billion GPU financing deal for SpaceX, holds a market capitalization of $66.63 billion. This strong price performance highlights investor interest in Apollo amid its involvement in large-scale AI infrastructure financing.
