In a contract with a total principal payment of almost $40 billion, said a subsidiary of Apollo Global Management will on Monday purchase AI chips and server hardware and lease them to the rockets-to-AI company.
A regulatory document states that each lease will last little more than five years from the day the equipment arrives.
The agreement demonstrates SpaceX’s significant expenditures as it attempts to take advantage of the growing need for processing power in order to finance its goals for the Moon and Mars.
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By the end of the year, the company hopes to complete the transaction. After the delivery of the chips, the leases are anticipated to begin in the first half of 2027.
Elon Musk, SpaceX’s CEO, announced on X on Sunday that the company has “closed” $40 billion in debt funding for graphics processing units.
According to Musk, the financing was primarily intended for semiconductors that will arrive in the first and second quarters and would not be “a major factor this quarter.”
SpaceX currently anticipates $35 billion to $40 billion in capital expenditures for the fourth quarter, according to CFO Bret Johnsen.
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Earlier this month, SpaceX said it was negotiating with banks and asset managers to finance $40 billion to purchase Nvidia and launch new table chips.
