SpaceX has signed a $40 billion master finance lease to buy Nvidia GPUs supporting its subsidiary xAI and related data center projects, which it described as the largest committed GPU financing to date. Apollo and Goldman Sachs led the committed financing, with Goldman Sachs as structuring agent, and affiliates of BlackRock, Goldman Sachs Asset Management and KKR also provided financing commitments. Apollo will acquire “Vera Rubin” GPUs and related equipment from Nvidia and lease them to SpaceX in tranches, with lease terms of roughly 5 to 5.25 years, and SpaceX will pay rent equal to 5% of each tranche's financed cost plus a fixed annual rate on the outstanding balance, according to an Oct. 26 8-K filing. The deal exceeds a $36 billion structured notes deal led by Apollo and Blackstone to lease GPUs to Anthropic, and it is expected to close before year-end, with leasing starting in H1 2027. The GPUs will power xAI's Grok and the company's terrestrial compute buildout.
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NVDASpaceXdata centerscreditGoldman Sachs
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NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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