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via finance.yahoo.comCapital Markets

SpaceX agrees to $40 billion chip-financing lease with Apollo

FROM THE WIRE · FINANCE.YAHOO.COM

(Bloomberg) -- SpaceX signed a roughly $40 billion equipment-finance lease with Apollo Global Management Inc. to pay for the chips needed to fuel its artificial intelligence ambitions. Most Read from Bloomberg Lula Wins Record Fourth Term in Surprise Brazil Comeback Trump Says…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe chip financing may support demand for Nvidia GPUs, though the fixed rate is not yet set.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SpaceX signed a roughly $40 billion equipment-finance lease with Apollo Global Management.
  2. 02The fixed rate will be set at pricing, which has not yet occurred.
  3. 03The deal is expected to close before year-end, with leases starting in the first half of next year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock210.96 USDAwaiting tradestoday -0.59%Positive Apollo Global Management, Inc.APOStock114.80 USD+1.75%today +1.75%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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