RealFeedApp Apollo Global Management buys chips for SpaceX
Apollo Global Management agreed to purchase AI chips and server hardware for SpaceX, leasing the equipment back to the company for 5 to 5.25 years starting in 2027.
- Field
- business and funding
- What they did
- SpaceX has signed a binding agreement worth approximately $40 billion with Apollo Global Management to purchase AI chips and related data center equipment.
- Why it matters
- This deal will allow SpaceX to fund its rapidly expanding AI ambitions without relying solely on traditional debt markets.
#spacex#apollo global management#gpu financing#ai chips#data center
