Apollo has agreed to lead approximately $40 billion in financing for SpaceX's artificial intelligence compute buildout, marking the largest committed GPU financing to date. Under a binding commitment, SpaceX will enter a master finance lease with an Apollo-managed entity to fund the delivery of Nvidia's next-generation Vera Rubin chips for terrestrial infrastructure. Apollo led the deal alongside Goldman Sachs, which served as the sole structuring agent.
Several major private capital investors provided anchor commitments, including funds managed by BlackRock and Goldman Sachs Asset Management, as well as accounts advised by KKR.
Source: PE Insights · Summarized by HeadlinesBriefing