SpaceX seeks $40B funding to purchase Nvidia chips with Apollo's help

Apollo: Apollo Global Management is a major alternative asset manager focused on private credit, equity, and infrastructure investments. It recently led or participated in financing arrangements supporting large-scale technology deployments, including AI-related chip acquisitions. The firm is also exploring expanded roles in government and corporate lending amid rising infrastructure demands. Nvidia: Nvidia designs and supplies advanced AI accelerators and related hardware that power large training and inference clusters across the industry. It has formed a close strategic partnership with SpaceX, including mutual shareholdings and joint development of space-deployable compute systems under the Starmind program. The company continues to participate in consortia providing financing support for customer infrastructure buildouts. SpaceX: SpaceX develops launch vehicles, satellites, and space infrastructure while operating large-scale AI data centers following its integration of xAI. It maintains an exclusive commitment to Nvidia hardware for all future AI compute builds and has pursued major financing to expand chip acquisitions. Recent activity includes scaling its Colossus facilities and advancing plans for orbital AI compute payloads. AI Compute Expansion: SpaceX is rapidly scaling its AI data center capacity to serve both its own needs and external customers through cloud services. Hardware Partnership: SpaceX has committed to building its AI infrastructure exclusively on Nvidia platforms due to performance and architectural advantages. Infrastructure Financing: Private credit firms like Apollo are increasingly structuring deals to fund AI chip purchases and related data center projects.