Key facts
- SpaceX will lease AI chips and data center hardware from an Apollo Global Management entity.
- The deal is valued at approximately $40 billion in principal payments.
- SpaceX's AI unit achieved profitability for the first time in the third quarter.
SpaceX has finalized a $40 billion debt deal to lease graphics processing units and data center hardware from an entity managed by Apollo Global Management. The agreement, detailed in a regulatory filing on Monday, October 26, involves a finance lease expected to close before the end of 2026. Elon Musk stated on X that SpaceX secured the debt financing based on its investment-grade credit rating and revenue from Starlink and launch operations. The company's AI unit achieved profitability for the first time in the third quarter by selling computing power to external AI labs and hyperscalers.