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SpaceX and Apollo announce binding commitment for approximately $40B GPU finance lease, closing still conditional

On 26 October 2026 SpaceX announced a binding commitment to enter an approximately $40 billion master finance lease for NVIDIA Vera Rubin GPUs and related equipment, with an Apollo-managed entity and other financing parties. The company says closing is subject to conditions and expected before end-2026, while equipment leases are expected to begin only when hardware is delivered in H1 2027. This is a new committed-financing milestone, NOT a closed lease, cash drawdown, deployed chips, operating compute capacity or independently audited return on investment. Separate from earlier financing talks and October 20 capex projections.