SpaceX secures $40 billion GPU financing
The company signed a lease with Apollo for NVIDIA chips to build compute infrastructure, aiming to power Grok and cloud services by 2027.
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Aerospace company developing rockets, spacecraft, satellite networks, and space services
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In short: SpaceX reported a Q3 profit, secured $40 billion in AI chip financing, and explored a Tesla merger.
The company signed a lease with Apollo for NVIDIA chips to build compute infrastructure, aiming to power Grok and cloud services by 2027.
Driven by Super Intelligence and Connectivity growth, with net income of $4.4 billion.
On August 14, 2026, SpaceX merged its subsidiary with Anysphere. The deal involved exchanging approximately 389 million shares and assuming stock options.
The company completed its IPO raising $85.7 billion. Starlink added 1.7 million subscribers while AI segment revenue surged 247%. Grok models and Starship development progress alongside.
SpaceX and Tesla have confirmed that they have each established special committees to consider a merger. If it materializes, with a combined market capitalization of approximately $3.5 trillion, it would be the largest merger in history. However, hurdles such as obtaining majority approval from Tesla shareholders, bilateral reviews by the US and China, particularly the hurdle in Beijing, remain variables...
The SpaceX Anthropic deal is worth up to $120.5B through 2029, but either side can exit on 90 days' notice from 2027, just as ...
SpaceX has agreed to pay $40 billion to lease artificial intelligence chips from an entity affiliated with Apollo Global Management. The arrangement will see Apollo...
On SpaceX’s October 20 earnings call, Musk described a combination as a good idea, citing potential ...
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