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SpaceX enters $40 billion deal with Apollo for AI chip financing

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In short

SpaceX has inked a significant deal with Apollo Global Management, a leading asset manager, to finance the procurement of AI chips. This partnership underscores SpaceX's commitment to leveraging cutting-edge technology, particularly in the realm of artificial intelligence, to drive innovation and growth.

Key points

  • SpaceX has inked a significant deal with Apollo Global Management, a leading asset manage…: SpaceX has inked a significant deal with Apollo Global Management, a leading asset manager, to finance the procurement of AI chips.
  • This partnership underscores SpaceX's commitment to leveraging cutting-edge technology, p…: This partnership underscores SpaceX's commitment to leveraging cutting-edge technology, particularly in the realm of artificial intelligence, to drive innovation and growth.

Sources checked by our analysis pipeline: 1

Oct 26 : SpaceX said on Monday it would lease data center hardware, including AI chips, from an entity managed by Apollo Global Management under a deal totaling roughly $40 billion in principal payments.

Source: Reuters

Original source: www.channelnewsasia.com

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