SpaceX 8-K filed Oct 26, event date Oct 24. Binding commitment letter to enter… · @AIInvestHK · TwKit

@AIInvestHK

SpaceX 8-K filed Oct 26, event date Oct 24. Binding commitment letter to enter a master finance lease with an entity managed by Apollo Global Management. The lessor acquires GPU pods and related equipment, then leases them to SpaceX for data centers SpaceX picks. Gear comes in tranches. Each tranche gets its own lease schedule, about 5 to 5.25 years from start. Rent is quarterly in advance: generally one-twentieth of the financed cost of that tranche, plus a fixed rate on the outstanding balance, plus ongoing costs. Fixed rate gets set at pricing before the master lease is signed. Filing says aggregate principal payments across the schedules should total about $40 billion. Still subject to closing conditions; company expects the master lease before year-end. Schedules expected to start in H1 2027 when the GPUs land. Same-day company IR page frames this as the largest committed GPU financing and says the kit is next-gen NVIDIA Vera Rubin for terrestrial compute. That chip call and the largest tag are IR language, not in the 8-K Item 8.01 text. IR also names financing parties led by Apollo with Goldman Sachs as sole structuring agent, plus BlackRock, Goldman Sachs Asset Management, and KKR as anchors. Watch whether definitive docs clear before year-end, and when the first delivery schedule actually begins. $SPCX $NVDA $APO

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