On Oct. 24, 2026, SpaceX entered a binding commitment letter for a master finance lease with an Apollo-managed entity that would buy GPU pods and related equipment and lease them to SpaceX. The Oct. 26 8-K says expected aggregate principal payments are about $40 billion, each schedule would run about five to five and one-quarter years, and the interest rate is still to be set. The master lease is not closed. SpaceX expects closing before year-end 2026 and lease schedules in the first half of 2027, when the GPUs are delivered.
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