According to a regulatory filing, SpaceX signed a binding commitment letter on October 25 for approximately $40 billion in GPU leases from an entity managed by Apollo Global Management. Leases will begin in the first half of 2027, with the master lease expected to close before the end of 2026. SpaceX will repay the principal through quarterly installments over roughly five years at a fixed interest rate to be determined.

Elon Musk announced the deal on X, noting that debt markets have "almost entirely shut off access to money for any company that doesn't have substantial revenue independent of AI data centers." He predicted "guppy-level death and consolidation" among the 200+ neoclouds—specialist companies that rent GPU capacity to AI developers. CoreWeave, the largest neocloud, saw its unsecured bonds yield about 15% in mid-October and its stock fall 30% between late September and mid-October, reflecting investor concerns over the sector's viability.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.