🇺🇸Goldman Sachs and Apollo are discussing selling investors portions of SpaceX’s approximately $40 billion AI-chip financing arrangement.

The new development concerns investor discussions, not confirmed completed sales. Reports citing people familiar with the matter said Goldman Sachs and Apollo had approached prospective buyers for portions of the multitranch financing. Some investors were invited to purchase stakes of up to $500 million before the formal syndication process.

The underlying arrangement involves hardware acquisition and leasing. According to the supplied report, SpaceX said in October that an Apollo affiliate would purchase AI chips and server hardware and lease them to SpaceX. Approximately $40 billion refers to total principal payments under that arrangement, not a disclosed chip count or an equity investment.

The reported structure was designed to keep the debt off SpaceX’s balance sheet. That is a stated transaction-design objective, not an independently established accounting conclusion in the supplied material. The reporting describes it as the largest recorded GPU—graphics processing unit—financing arrangement of its kind.

Important financing terms remain unavailable. The sources do not provide interest rates, maturities, collateral provisions, recourse terms, hardware models, or deployment dates. One report says Goldman Sachs, Apollo, and SpaceX did not respond to requests for comment on the proposed distribution.