SpaceX to pay $40B to lease AI chips from Apollo-linked entity

SpaceX has agreed to pay $40 billion to lease AI chips from an entity affiliated with Apollo Global Management. Apollo will sell debt to buy the chips and lease them to SpaceX, giving it access to Nvidia's cutting-edge computing.

• Deal is worth $40 billion in chip leases
• Apollo will raise debt to buy the chips and lease them out
• SpaceX gains access to cutting-edge Nvidia chips