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PHOTO: REUTERSSpaceX said on Monday an affiliate of Apollo Global Management will buy AI chips and server hardware and lease them to the rockets-to-AI firm, in a deal with total principal payments of about $40 billion.Each lease will run a little over five years from the day the equipment arrives, according to a regulatory filing.The deal highlights SpaceX's heavy spending, as it tries to capitalise on surging demand for computing….
The leases are expected to start in the first half of 2027, once the chips are delivered.Read: Bill Gates warns of 20 years of turmoil from artificial intelligenceOn Sunday, CEO Elon Musk said on X that SpaceX had "closed" $40 billion in debt financing for graphics processing units.Musk said the funding mainly targeted chips arriving in the first and second quarters and would not be "a major factor this quarter."CFO….
Unless otherwise stated, all content is SpaceX enters $40 billion deal with Apollo for AI chip financing Reuters | Updated 2 minutes ago | Each lease will run a little over five years from the day the equipment arrives, according to a regulatory filing.
