Goldman and Apollo reportedly seek buyers for SpaceX's $40B chip financing
Bloomberg reports, according to Reuters, that some investors were asked to take stakes of up to $500M ahead of formal syndication. The underlying Apollo-managed lease remains subject to closing conditions, and Reuters did not establish the exact day the outreach began.
By Ryan Merket · Published
Primary source: Reuters
Why it matters
The reported syndication shows how AI compute is being financed at industrial scale: if the lease closes, an Apollo-managed lessor will acquire Nvidia hardware and lease it to SpaceX, and Bloomberg, as reported by Reuters, says Goldman and Apollo are seeking additional investors, with some asked to purchase stakes of up to $500 million. Whether outside investors absorb a large share, and at what fixed rate, will show how much appetite Wall Street has for five-year bets on a single AI tenant and a single chip generation.
Elon Musk's compute bill for SpaceX is now large enough that two Wall Street firms are reportedly looking for help carrying it. Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing tied to SpaceX's artificial intelligence chips, according to Reuters on November 4th, which cited a Bloomberg News report.…
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