{ "id": 16638836, "title": "Elon Musk’s SpaceX agrees to $40B Apollo-managed lease for Nvidia AI chips due in 2027", "url": "https://urgent.news/2026/10/26/elon-musks-spacex-agrees-to-40b-apollo-managed-lease-for-nvidia-ai", "topic": "ai", "section": "AI", "published": "2026-10-26T17:45:06.000Z", "source": { "name": "Times of India", "slug": "times-of-india", "url": "https://timesofindia.indiatimes.com/technology/tech-news/elon-musks-spacex-agrees-to-a-40-billion-financing-lease-with-an-apollo-managed-firm-for-nvidias-next-generation-ai-chips-with-equipment-due-in-2027-as-the-company-expands-its-computing-business/articleshow/135216997.cms" }, "original_language": "en", "account": "Elon Musk's SpaceX has secured a $40 billion financing lease to acquire Nvidia's next-generation AI chips, known as Vera Rubin chips. This agreement is being managed by Apollo Global Management. The AI equipment is expected to support SpaceX's expansion of computing infrastructure on Earth, including Grok AI services and cloud customers. The deals are expected to close before the end of 2026, with equipment deliveries and individual leases beginning in the first half of 2027.\n\nThe financing will come from Apollo and Goldman Sachs, with the latter acting as the sole structuring agent. Other financial institutions backing the transaction include BlackRock and Goldman Sachs Asset Management, as well as capital accounts advised by KKR. These significant commitments help establish the financing package.\n\nSpaceX aims to deploy the largest compute infrastructure in the world, with the new Nvidia chips powering Grok for businesses and consumers, as well as serving existing and future customers renting computing capacity from SpaceX. The company believes that the financing will diversify its funding sources and cover much of the investment required for its growth plans, with some Super Intelligence infrastructure investments recovering their cost in less than a year.", "summary": "SpaceX has announced a $40 billion financing lease with Apollo Global Management for advanced Nvidia hardware. This agreement primarily supports the company's Grok AI services and cloud customer needs. The equipment will be delivered in the first half of 2027 and leased over five years. Financial backing includes contributions from BlackRock and Goldman Sachs, among others. SpaceX aims to…", "key_points": [], "editors_take": null, "illustration": null, "coverage": { "outlets": 12, "also_reported_by": [ { "outlet": "TechRadar", "title": "Elon Musk's stock grants and Anthropic's public fund are band-aids on an open sore and do not address AI's most fundamental and pressing problems", "url": "https://urgent.news/2026/10/20/elon-musks-stock-grants-and-anthropics-public-fund-are-band-aids-on", "published": "2026-10-20T15:13:32.000Z" }, { "outlet": "Fortune", "title": "‘Tap dancing through a minefield’: Elon Musk’s $3.5 trillion Tesla-SpaceX merger talks expose his power—and scant accountability", "url": "https://urgent.news/2026/10/21/tap-dancing-through-a-minefield-elon-musks-3-5-trillion-tesla-spacex", "published": "2026-10-21T07:01:00.000Z" }, { "outlet": "Business Insider", "title": "AI rivals are thirsty for SpaceX's compute, Elon Musk says", "url": "https://urgent.news/2026/10/21/ai-rivals-are-thirsty-for-spacexs-compute-elon-musk-says", "published": "2026-10-21T17:06:39.000Z" }, { "outlet": "IOL", "title": "Elon Musk’s flying Tesla Roadster sparks social media uproar - If AI doesn’t kill us, the flying cars will!", "url": "https://urgent.news/2026/10/23/elon-musks-flying-tesla-roadster-sparks-social-media-uproar-if-ai", "published": "2026-10-23T04:30:00.000Z" }, { "outlet": "Mashable", "title": "Elon Musk actually follows through on Grok AI adaptation of The Odyssey", "url": "https://urgent.news/2026/10/24/elon-musk-actually-follows-through-on-grok-ai-adaptation-of-the", "published": "2026-10-24T19:32:09.000Z" }, { "outlet": "The A.V. Club", "title": "Elon Musk's slop generator releases first episode of his AI Odyssey", "url": "https://urgent.news/2026/10/25/elon-musks-slop-generator-releases-first-episode-of-his-ai-odyssey", "published": "2026-10-25T20:53:31.000Z" }, { "outlet": "SiliconANGLE", "title": "Elon Musk predicts neocloud shakeout as credit for AI infrastructure dries up", "url": "https://urgent.news/2026/10/26/elon-musk-predicts-neocloud-shakeout-as-credit-for-ai-infrastructure", "published": "2026-10-26T00:28:13.000Z" }, { "outlet": "CoinDesk", "title": "Elon Musk issues a warning for 'AI neoclouds' as SpaceX borrows $40 billion for chips", "url": "https://urgent.news/2026/10/26/elon-musk-issues-a-warning-for-ai-neoclouds-as-spacex-borrows-40", "published": "2026-10-26T03:11:39.000Z" }, { "outlet": "Guardian Business", "title": "AI cloud computing companies face ‘guppy-level death’, Elon Musk warns, as funding dries up – business live", "url": "https://urgent.news/2026/10/26/ai-cloud-computing-companies-face-guppy-level-death-elon-musk-warns", "published": "2026-10-26T07:42:05.000Z" }, { "outlet": "Euronews", "title": "'Pure garbage': Elon Musk’s AI-generated 'The Odyssey' clip ridiculed online", "url": "https://urgent.news/2026/10/26/pure-garbage-elon-musks-ai-generated-the-odyssey-clip-ridiculed-online", "published": "2026-10-26T10:40:30.000Z" }, { "outlet": "TechSpot", "title": "Elon Musk predicts mass extinction for AI cloud companies as SpaceX seeks $40 billion to buy more GPUs", "url": "https://urgent.news/2026/10/26/elon-musk-predicts-mass-extinction-for-ai-cloud-companies-as-spacex", "published": "2026-10-26T11:15:00.000Z" } ] }, "ai_generated": true, "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original." }