SpaceX said Monday it had agreed to a roughly $40 billion equipment-finance lease with an entity managed by Apollo Global Management Inc. to pay for graphics processing units and related data-center hardware for its artificial intelligence plans^1,2,3.

Bloomberg, citing a company filing, said the fixed rate SpaceX will pay has not been set and will be determined at pricing². The company said the master lease is expected to close before the end of 2026, with individual lease schedules expected to start in the first half of 2027 after equipment is delivered^2,3.

Investing.com, summarizing the filing, said SpaceX signed a binding commitment letter under which Apollo would buy GPU pods and related gear and lease them to SpaceX at sites the company selects³. Equipment would arrive in tranches, each on its own schedule of about five to five-and-a-quarter years, with rent paid quarterly in advance³.

That recap said rent would generally equal one-twentieth of each tranche's financed cost plus a fixed annual rate on the outstanding balance and other costs, with about $40 billion of aggregate principal payments over the terms³. Closing remains subject to specified conditions³.

Elon Musk posted over the weekend that SpaceX had arranged debt to finance Nvidia Corp. GPU purchases, Bloomberg reported². Techmeme framed the Monday agreement as a roughly $40 billion Apollo lease earmarked for those chips¹.

Bloomberg said the pact follows a volatile stretch in AI-related debt markets, with investors seeking larger premiums and pricing talks on a private-bond structure through an off-balance-sheet entity having been unsettled². What remains unknown is the final coupon, which lenders will participate, and whether every closing condition will be met before year-end^2,3.