SpaceX signs approximately $40 billion equipment financing lease agreement with Apollo
APO Apollo Global Management Inc
$122.20 +4.67%
View chart & analysis → - 1SpaceX has signed an approximately $40 billion equipment financing lease agreement with Apollo Global Management to pay for chip costs to support its artificial intelligence ambitions.
- 2Elon Musk mentioned via X over the weekend that this agreement will help fund the purchase of Nvidia graphics processing units (GPUs).
- 3The agreement is expected to close before the end of the year, and the lease is expected to begin in the first half of next year.
So what's the key point?
What is the main point? SpaceX signed a $40 billion borrowing agreement with Apollo to buy components for artificial intelligence. This agreement will provide the funds to purchase Nvidia components.
Source Bloomberg +4 · View original ↗
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