SpaceX signs roughly $40 billion Apollo lease for Nvidia GPUs

Published Monday, October 26, 2026 · 10:10 AM EDT

SpaceX has signed a roughly $40 billion equipment-finance lease with Apollo Global Management to fund purchases of Nvidia GPUs for its artificial intelligence initiatives, Bloomberg reported via Techmeme. The transaction is set to close before the end of 2026, with the financing intended to pay for the chips.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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