Compute / the Ledger · 1 deal
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Deals with Apollo Global Management (managed lessor entity) as a party. Apollo Global Management (managed lessor entity)’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 26 Oct 2026 | SpaceX signs a binding commitment letter for a master finance lease of GPU pods from an Apollo-managed lessor, about $40B of principal paymentsAnnouncedBinding commitment letter entered 2026-10-24 with an entity managed by Apollo Global Management, Inc. (the Lessor), which will acquire and lease to SpaceX graphics processing unit pods and related equipment for use at data centers selected by SpaceX. Equipment delivered in tranches; each tranche has its own lease schedule with a term of approximately five to five and one-quarter years from commencement. Rent is payable quarterly in advance: one-twentieth of the financed cost of the tranche plus a fixed rate per annum on the outstanding lease balance and certain ongoing costs; the fixed rate is set at pricing, before entry into the master finance lease. Closing is subject to specified conditions and expected before year end 2026. Lease schedules are expected to commence during the first half of 2027 upon delivery of the GPUs. The definitive master finance lease has not been entered. |
| Loan against chips | $40BSpaceX expects aggregate principal payments under the lease schedules over their terms to total approximately $40 billion. | SpaceX Form 8-K (Item 8.01), filed 2026-10-26Regulatory filing |
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