SpaceX signs commitment for GPU lease from an Apollo-managed entity, with about $40 billion in expected principal payments

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Oct 24, 2026, SpaceX entered into a binding commitment letter to enter into a master finance lease with an entity managed by Apollo Global Management, under which that entity would buy GPU pods and related equipment and lease them to SpaceX for data centers it selects. SpaceX said it expected principal payments under the lease schedules to total about $40 billion over their terms, and expected the schedules to begin in the first half of 2027 as the GPUs are delivered. SpaceX said its entry into the lease was subject to specified closing conditions and was expected to close before year end. The details are in SpaceX's 8-K, a US company's report of a material event, which covers the Oct 24, 2026 commitment letter.1^,2^,3^,4^,5