SpaceX rises 0.94% in pre-market trading; the company has signed a $40 billion GPU financing lease agreement with Apollo, set to commence in the first half of 2027.

BlockBeats news, October 26 - According to US Securities and Exchange Commission (SEC) filings, SpaceX has entered into a binding master financing lease commitment with Apollo Global Management. Under the agreement, Apollo will purchase GPU clusters and related equipment and then lease them to SpaceX, with total principal payments under the lease arrangement expected to reach $40 billion.

The related lease arrangement will commence upon GPU delivery in the first half of 2027. This move will provide financing support for SpaceX to acquire large-scale AI computing equipment.

SpaceX is up 0.94% in pre-market trading.

Correction/Report

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