Space Exploration Technologies Corp 8-K, filed Oct 26, 2026
Space Exploration Technologies Corp (SPCX)
About this 8-K
Space Exploration Technologies Corp filed this 8-K on October 26, 2026, reporting on events of October 24, 2026.
Space Exploration Technologies Corp. entered a binding commitment for an Apollo Global Management, Inc.-managed lessor to acquire and lease graphics processing unit pods and related equipment, with expected aggregate lease principal payments of approximately $40 billion. AI summary
Items reported
- Item 8.01: Other events
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SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01. Other Events.
On October 24, 2026, Space Exploration Technologies Corp. (the “Company”) entered into a binding commitment letter to enter into a master finance lease with an entity managed by Apollo Global Management, Inc. (such entity, the “Lessor”), pursuant to which the Lessor will acquire and lease to the Company certain graphics processing unit pods and related equipment (the “Equipment”) for use at data centers selected by the Company. Under the contemplated master finance lease, the Equipment will be delivered in tranches, each of which will be subject to a separate lease schedule with a term of approximately five to five and one-quarter years from the applicable commencement date. Rent under each lease schedule will be payable quarterly in advance and will generally consist of an amount equal to one-twentieth of the financed cost of the applicable tranche, together with an amount calculated at a fixed rate per annum on the outstanding lease balance and certain ongoing costs and expenses; the fixed rate will be determined at pricing which will occur prior to the Company’s entry into the master finance lease. The Company expects aggregate principal payments under the lease schedules over their respective terms to total approximately $40 billion. The Company’s entry into the master finance lease with the Lessor is subject to certain specified closing conditions and is expected to close prior to year end. The lease schedules are expected to commence during the first half of 2027 upon delivery of the GPUs.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the contemplated equipment lease financing transaction, including the execution of definitive documentation, the expected timing of closing, the delivery and use of the Equipment, and the expected terms of and aggregate principal payments under the lease schedules. Forward-looking statements are based on assumptions with respect to management’s future and current expectations, involve certain risks and uncertainties, are not guarantees and apply only as of the date of this report, unless an earlier date is specified. These risks and uncertainties include the risk that the transaction may not close on the anticipated terms or timeline, or at all, and that actual equipment deliveries, lease terms or aggregate principal payments may differ from current expectations, as well as the risks and uncertainties described in the “Risk Factors” sections of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 and our final prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4), in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, and in our other filings with the Securities and Exchange Commission. You should not place undue reliance on our forward-looking statements. Except as required by law, we disclaim any intent to update or revise any forward-looking statements to reflect subsequent events or circumstances.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Space Exploration Technologies Corp. | |||
| Date: | October 26, 2026 | By: | /s/ Bret Johnsen |
| Name: | Bret Johnsen | ||
| Title: | Chief Financial Officer | ||