SpaceX Enters $40 Billion Apollo Deal for AI Chip Financing
An Apollo Global Management affiliate will buy AI chips and server hardware and lease them to SpaceX. The deal has total principal payments of about $40 billion.
SpaceX NASDAQ:SPCX said on Monday an affiliate of Apollo Global Management NYSE:APO will buy AI chips and server hardware and lease them to the rockets-to-AI firm, in a deal with total principal payments of about $40 billion.Each lease will run a little over five years from the day the equipment ar…