SpaceX signed a roughly $40 billion equipment-finance lease with Apollo Global Management to fund chips for its AI plans, according to a filing on Monday. The fixed rate will be set at pricing, which has not yet taken place. The deal is expected to close before year-end, with the leases starting in the first half of next year. Elon Musk said the deal would help finance purchases of Nvidia GPUs. The financing comes amid a turbulent week for AI debt markets, where investors are demanding larger premiums over concerns about rapid AI spending and limited profits so far, which disrupted pricing talks. The SpaceX debt is structured as private bonds issued by an off-balance-sheet entity.
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SpaceXAI investmentbondsElon Musk
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 210.96 |
| Change that session | -0.59% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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