Funding
Goldman Sachs and Apollo Seek Investors for $40 Billion SpaceX AI Chip Financing
Goldman Sachs and Apollo Global Management are seeking investors for a $40 billion financing deal tied to AI chips for SpaceX. The deal involves an Apollo-managed entity purchasing GPUs and server equipment and leasing them to SpaceX, keeping the obligations off SpaceX’s balance sheet. The financing is split into multiple tranches with different levels of risk and return, allowing various types of investors to participate. The arrangement is expected to begin in the first half of 2027.