Space Exploration Technologies Corp. (SPCX) has entered into a binding commitment for a master finance lease with an entity managed by Apollo Global Management. The agreement is for the acquisition and leasing of graphics processing unit (GPU) pods and related equipment, with expected aggregate principal payments totaling approximately $40 billion.
Key Details
- Agreement: The commitment is for a master finance lease to acquire GPU pods and equipment for the company's data centers.
- Financial Terms: Total principal payments under the lease are expected to be approximately $40 billion. The equipment will be delivered in tranches, each with a lease term of approximately 5 to 5.25 years.
- Timeline: The company expects the master finance lease to close before the end of 2026, with equipment deliveries and lease commencements expected during the first half of 2027.