SpaceX commits to ~$40B GPU finance lease with Apollo-managed entity for data-center equipment

SPACE EXPLORATION TECHNOLOGIES CORP

• Binding commitment letter signed Oct 24, 2026 with a Lessor entity managed by Apollo Global Management, Inc. for GPU pods and related equipment.
• Aggregate principal payments under the lease schedules expected to total approximately $40 billion over their respective terms.
• Equipment delivered in tranches, each under a separate lease schedule running about five to five and one-quarter years from commencement.
• Rent payable quarterly in advance: one-twentieth of each tranche's financed cost plus a fixed per-annum rate set at pricing before lease execution.
• Master lease expected to close before year end; lease schedules commence in H1 2027 upon GPU delivery to SpaceX-selected data centers.