Space Exploration Technologies Corp. entered into a binding commitment letter with an entity managed by Apollo Global Management, Inc., to enter into a master finance lease for graphics processing unit (GPU) pods and related equipment at selected data centers. The transaction involves delivering the equipment in tranches, each subject to a separate lease schedule with terms of approximately five to five and one-quarter years. Aggregate principal payments under these leases are expected to total approximately $40 billion. The deal is subject to closing conditions and is anticipated to close prior to year-end 2026, with lease schedules commencing in the first half of 2027 upon delivery. SpaceX operates in the aerospace industry, designing, manufacturing, and launching advanced rockets and spacecraft.
