The effort advances an October framework where an affiliate of Apollo agreed to acquire high-performance server hardware and chips to lease back to SpaceX. The underlying leases are scheduled to run for slightly more than five years following an equipment rollout slated for early 2027. Goldman Sachs and Apollo are actively seeking buyers willing to take on stakes of up to $500 million each to help fund roughly $40 billion in principal payments. This substantial hardware push is specifically tailored to satisfy SpaceX's surging internal demands as it aggressively scales its artificial intelligence operations.
Key points
The multi-tranche deal represents the largest recorded financing structure specifically e…: The multi-tranche deal represents the largest recorded financing structure specifically earmarked for graphics processing units.
Apollo and Goldman are utilizing a lease-back model to support the substantial computing…: Apollo and Goldman are utilizing a lease-back model to support the substantial computing hardware required for SpaceX's expanding artificial intelligence business.
Neither Goldman Sachs, Apollo Global Management, nor SpaceX have officially confirmed the…: Neither Goldman Sachs, Apollo Global Management, nor SpaceX have officially confirmed the details reported regarding the financing talks.
Sources checked by our analysis pipeline: 1
Nov 4 : Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX's AI chips, Bloomberg News reported on Wednesday.
The two firms have begun approaching potential buyers for the multi-tranche financing, with some investors being asked to purchase stakes of up to $500 million ahead of the formal syndication process, the report said, citing people familiar with the matter.
The deal, structured to keep debt off SpaceX's balance sheet, is the largest arrangement of its kind for GPUs on record, the report said.
Reuters could not independently verify the report.
Goldman Sachs declined Reuters request for comment, while Apollo Global and SpaceX did not immediately respond.
SpaceX said in October that an affiliate of Apollo Global Management would buy AI chips and server hardware and lease them to the company in a deal involving about $40 billion in principal payments.
The leases will run for a little over five years from the equipment's delivery, which is expected in the first half of 2027. The deal is…
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