On October 24 local time, SpaceX disclosed that it had signed a binding commitment letter with an entity under Apollo Global Management, planning to lease GPU computing equipment and related facilities through a master lease financing agreement for use in its selected data centers. The agreement is expected to be finalized by the end of 2026, with equipment deliveries scheduled in batches starting from the first half of 2027. The lease term for each batch of equipment will be approximately 5 to 5.25 years, with rent paid quarterly in advance. SpaceX anticipates that the total principal payments over the term of each lease arrangement will reach approximately $40 billion.
