InfraCompute / Deals
SpaceX GPU master finance lease with an Apollo-managed lessor
Master finance lease of GPU pods and related equipment, delivered in tranches under separate lease schedules for SpaceX, About US$40bn (expected aggregate principal payments), 24 October 2026.
Key terms
- Borrower or issuer
- SpaceX
- Date
- 24 October 2026
- Structure
- Master finance lease of GPU pods and related equipment, delivered in tranches under separate lease schedules
- Amount
- About US$40bn (expected aggregate principal payments)
- Pricing
- Rent payable quarterly in advance: one-twentieth of each tranche's financed cost plus a fixed rate per annum on the outstanding lease balance (rate set at pricing) and certain ongoing costs
- Tenor
- About five to five and one-quarter years from each schedule's commencement
Recorded terms
- Lender type
- Private creditNamed lender: Lessor: an entity managed by Apollo Global Management
- Tenor
- About five to five and one-quarter years from each schedule's commencement
- Lenders and arrangers
- Lessor: an entity managed by Apollo Global Management; led by Apollo and Goldman Sachs (sole structuring agent), with anchor commitments from funds and accounts managed by BlackRock, Goldman Sachs Asset Management and capital accounts advised by KKR
- Use of proceeds
- NVIDIA Vera Rubin GPUs and related equipment for data centres selected by SpaceX, for its terrestrial compute buildout
- Status
- Binding commitment letter signed 24 October 2026; master finance lease subject to closing conditions and expected to close before year end; lease schedules expected to commence in the first half of 2027 on GPU delivery
- Region
- United States
- Notes
- Held out of the debt total until the master finance lease closes. The amount is the company's expected aggregate principal payments over the lease schedules.
Parties
Similar financings
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Sources
- Space Exploration Technologies Corp. Form 8-K, Item 8.01: commitment letter for a master finance leaseSource date: 26 October 2026
- Apollo: SpaceX secures $40 billion in the largest GPU financing everSource date: 26 October 2026
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
