Goldman and Apollo seek buyers for parts of SpaceX's $40 billion AI chip financing, Bloomberg reports
Some investors are being asked to take stakes of up to $500 million ahead of formal syndication, the report says; Reuters could not verify it, and SpaceX and Apollo did not immediately comment.
Why it matters
SpaceX said in October that an Apollo affiliate would buy AI chips and server hardware and lease them to the company, in a deal involving about $40 billion in principal payments. Bloomberg describes it as the largest arrangement of its kind for GPUs on record, structured to keep debt off SpaceX's balance sheet. Selling portions to other investors would spread that exposure beyond the two arrangers. Watch the syndication terms and the leases, which run a little over five years from delivery expected in the first half of 2027.
Key facts
- Financing of roughly $40 billion for SpaceX AI chips
- Stakes of up to $500 million offered ahead of syndication
- Structured to keep debt off SpaceX's balance sheet
- Leases run a little over five years from delivery
- Equipment delivery expected in the first half of 2027
- Reuters could not independently verify the report