SpaceX Secures $40B GPU Financing from Apollo for Vera Rubin Deployment
SpaceX has entered a binding $40 billion master lease agreement with Apollo Global Management, marking the largest GPU financing deal to date. The funds will procure next-generation NVIDIA Vera Rubin chips for ground-based computing infrastructure, with deliveries expected in H1 2027 to support Grok services and cloud clients.
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On October 26, SpaceX officially announced its financing arrangement with Apollo Global Management, the alternative asset management giant.
Under a binding commitment between the two parties, SpaceX and Apollo will sign a master finance lease agreement for GPUs and related equipment valued at approximately $40 billion (IT Home note: equivalent to roughly RMB 267.098 billion at current exchange rates), with signing expected sometime in 2026.
This largest GPU financing deal to date will provide next-generation NVIDIA Vera Rubin chips for SpaceX’s ground-based computing infrastructure. The leasing plan is expected to commence following the delivery of GPUs and related equipment in the first half of 2027.
Bret Johnsen, Chief Financial Officer of SpaceX, stated:
SpaceX is committed to deploying the world’s largest compute infrastructure. As demand for compute capacity continues to accelerate, we have found that the payback period for investments in integrated system infrastructure has shortened to less than one year. This lease agreement not only diversifies our funding sources but also addresses a significant portion of the capital required to achieve our growth plans. We are working to bring more compute capacity online at record speed to support Grok services for both enterprise and consumer users, as well as to serve existing and future cloud service customers.