SpaceX secures $40 billion lease for next-gen AI hardware

SpaceX has finalized a $40 billion lease agreement with Apollo Global Management for advanced GPU and related equipment, marking the largest such deal in history. The lease, valued at approximately 400 billion dollars, will provide the company with next-generation NVIDIA Vera Rubin chips to support its ground computing infrastructure. The agreement is expected to be signed in 2026 and will commence once the equipment is delivered in early 2027. SpaceX aims to deploy the largest global computing infrastructure, with system integration investment payback periods now under a year. The lease diversifies SpaceX’s funding sources and covers a significant portion of its growth financing needs. The deal supports the expansion of Grok services for both enterprise and consumer markets, as well as existing and future cloud customers. The agreement underscores SpaceX’s commitment to scaling its AI capabilities rapidly. By securing this lease, the company is positioning itself to meet the growing demand for computational power, while also enhancing its financial flexibility. This move aligns with broader industry trends toward large-scale infrastructure investment in artificial intelligence.