Goldman Sachs and Apollo Seek Buyers for SpaceX's $40 Billion AI Chip Financing Deal

Bloomberg reported on November 4, 2026, picked up by Reuters and others the following day, that Goldman Sachs and Apollo Global Management had begun approaching potential investors to sell down portions of a $40 billion GPU financing deal arranged for SpaceX. The structure is designed as a lease rather than direct corporate debt: an Apollo-managed entity would purchase the GPU hardware and server equipment, then lease it back to SpaceX, keeping the obligation off SpaceX's balance sheet — the largest such transaction for GPUs on record. Goldman and Apollo have invited investors to purchase up to $500 million in pre-syndication shares before a formal loan process begins. Combined with a $7 billion lease prepayment, the total arrangement will fund approximately $47.3 billion in GPU equipment scheduled for delivery during the first half of 2027, as SpaceX rapidly expands its AI and satellite-computing infrastructure. The deal underlines how the appetite for AI computing capacity continues to drive record-scale infrastructure financing, with traditional investment banks and alternative asset managers now engineering bespoke structures to meet demand.