SpaceX locks in $40B GPU financing deal with Apollo

SpaceX has secured a $40 billion financing deal with Apollo Global Management for AI chips and data center equipment, which will be leased back to SpaceX over 5-5.25 years. The deal is the largest committed GPU financing in history and will help fund SpaceX's AI ambitions, including its Grok chatbot and cloud services. The financing will also enable the delivery of Nvidia's next-generation Vera Rubin chips for SpaceX's 'terrestrial compute buildout'. This deal is a significant milestone for SpaceX as it continues to expand its AI infrastructure, alongside its Starlink and launch businesses.