TLDRSpaceX (SPCX) stock falls 0.40% to $146.90 before a 0.30% after-hours rebound.SpaceX secures $40 billion in GPU financing led by Apollo and Goldman Sachs.Nvidia Vera Rubin chips will expand Grok computing and data center capacity.SpaceX expects GPU leasing to begin in the first half of 2027 under its deal.Rising debt costs and GPU depreciation put pressure on specialized cloud firms.Space Exploration Technologies Corp. (SPCX) stock declined 0.40% to $146.90, shedding $0.59 before recovering 0.30% to $147.34 after hours. The decline came as SpaceX announced a $40 billion financing agreement to acquire Nvidia GPUs for its computing operations. The agreement will support Grok development and expand the company’s data center infrastructure through its xAI business.Space Exploration Technologies Corp., SPCXSpaceX Secures $40 Billion Financing for Nvidia GPUsSpaceX arranged the financing through a master finance lease involving Apollo Global Management and Goldman Sachs. Apollo and Goldman Sachs led the financing commitments, while Goldman Sachs served as the structuring agent. Affiliates of BlackRock, Goldman Sachs Asset Management, and KKR also participated in the transaction.Under the agreement, an Apollo-managed entity will purchase Nvidia Vera Rubin GPUs and related equipment for SpaceX. SpaceX will lease the hardware through separate tranches, with each lease lasting approximately five to 5.25 years. The company will make quarterly payments covering principal and a fixed annual financing rate.The financing structure also requires rent equal to 5% of each tranche’s financed cost. SpaceX expects to complete the agreement before year-end, with equipment leasing scheduled to begin during the first half of 2027. The company described the arrangement as the largest committed GPU financing transaction to date.Grok Expansion Drives SpaceX Data Center InvestmentSpaceX plans to deploy the Nvidia processors across infrastructure supporting Grok and other xAI computing requirements. The equipment will provide additional capacity for training models and processing requests as computing demand expands. Furthermore, the investment supports terrestrial data center development alongside the company’s longer-term orbital computing plans.SpaceX absorbed xAI in February, combining its space operations with the artificial intelligence business. The integration brought Grok development and computing infrastructure under the company’s broader investment strategy. Meanwhile, Starlink subscriptions and rocket launches continue generating revenue outside the data center business.Moody’s assigned SpaceX a Baa1 investment-grade rating in June, strengthening its position in credit markets. Elon Musk subsequently warned that lenders had restricted financing access for companies dependent on AI data center revenue. He also predicted consolidation among specialized cloud providers facing tighter borrowing conditions.AI Financing Pressures Raise Questions About GPU EconomicsThe SpaceX agreement follows a $36 billion structured financing transaction supporting GPU purchases for Anthropic. Apollo and Blackstone led that earlier arrangement, which involved Broadcom and equipment leasing commitments. Consequently, large technology infrastructure projects continue attracting financing despite growing concerns about hardware values.CoreWeave illustrates the financial pressure facing specialized GPU cloud providers as borrowing costs increase. Its shares declined approximately 30% between September 30 and October 16, while its debt approached $50 billion. Meanwhile, its unsecured bonds yielded approximately 15% in mid-October, reflecting expensive financing conditions.GPU depreciation presents another challenge because computing hardware can lose value before financing agreements expire. CoreWeave recorded nearly $1.4 billion in depreciation and amortization against approximately $2.6 billion in second-quarter revenue. Venture capitalist Chamath Palihapitiya also expects unused computing capacity and industry consolidation during 2027. The post SpaceX (SPCX) Stock: Drops as $40 Billion GPU Deal Boosts Grok and Data Center Plans appeared first on Blockonomi.