SpaceX has officially announced that they have secured $40 billion in the largest GPU financing ever. The company entered into a $40B master finance lease for GPUs and related equipment with an entity managed by Apollo Global Management. This lease will deliver the next generation of NVIDIA Vera Rubin chips for SpaceX's terrestrial compute buildout and is an important step in our plan to build a Super Intelligence future. It represents the largest committed GPU financing ever. SpaceX CFO Bret Johnsen: "SpaceX aims to deploy the largest compute infrastructure in the world. As demand for compute continues to accelerate, we're seeing less than one year payback periods on our SI infrastructure investments. This lease diversifies our funding sources and addresses a notable portion of the funding required to deliver on our growth plans as we aim to get additional compute online at record speeds to power Grok for enterprises and consumers, as well as serve existing and future cloud services customers." Transaction Details: The financing has been committed to by a number of financing parties led by Apollo and Goldman Sachs, who served as sole structuring agent. Entry into the lease remains subject to certain specified closing conditions and is expected to close prior to year-end 2026, with lease schedules expected to commence upon delivery of GPUs and related equipment in the first half of 2027.