Goldman Sachs and Apollo are offering pieces of a roughly $40 billion SpaceX financing to institutional investors, with stakes of up to $500 million before wider syndication, according to a November 4 media report that has not been verified. Goldman declined to comment; SpaceX and Apollo did not immediately respond.
The financing rests on a binding master finance lease SpaceX disclosed on October 26 with an Apollo-managed entity, covering Nvidia Vera Rubin chips and related equipment, expected to close before the end of 2026. Reported pieces include an $8.3 billion senior secured loan led by Goldman, bond tranches for asset managers and a $7 billion lease prepayment fund, for about $47.3 billion of hardware due in the first half of 2027.
SpaceX gives no residual value guarantee, so investors carry the obsolescence risk, and rent is owed regardless of damage. SpaceX spent $48.1 billion on property and equipment in the first nine months of 2026 versus $13.8 billion a year earlier, and expects $35-40 billion of capex in Q4. Shares closed at $135.92, down 3.8