InfraCompute / Deals
xAI: GPU sale-leaseback (reported)
Vendor or lease finance for xAI, US$3.4bn, 9 February 2026.
Key terms
- Borrower or issuer
- xAI
- Date
- 9 February 2026
- Structure
- Vendor or lease finance
- Amount
- US$3.4bn
- Pricing
- 9.5%
- Security
- NVIDIA GPUs
What’s notable
A reported US$3.4bn Apollo-financed vehicle at about 9.5% that buys NVIDIA GPUs and leases them to xAI. The wider vehicle targets about US$5.3bn of debt and equity. Closing was not confirmed, so the record is shown as reported.
Recorded terms
- Lender type
- Private creditNamed lender: Apollo
- Security
- NVIDIA GPUs
- Lenders and arrangers
- Apollo
- Tenant or offtaker
- xAI
Similar financings
Same structure, other borrowers, closest in date.
More from xAI
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Sources
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
