Apollo lines up $75B in AI chip deals spanning Nvidia and TPU capacity

According to reporting first published by The Information and relayed by Wall Street CN on November 7, 2026, Apollo Global Management has two chip deals totaling $75 billion in their pending stage, and the figures come from that reporting. The newer of the two is that Apollo will buy $40 billion worth of Nvidia Vera Rubin chips through a subsidiary and lease them to SpaceX. The other deal was announced earlier this year, in June, when Apollo teamed up with Broadcom and Blackstone to arrange $35 billion in financing for purchasing Google TPU chips and leasing them to Anthropic.

The report places Apollo's combined $75 billion against peers in the neocloud space, claiming it far exceeds the $27 billion in cumulative chip financing that CoreWeave, the category's leading example, has raised since 2023, and is more than 10 times the scale of the second-ranked competitor. It adds that once both transactions close, Apollo's chip holdings would rank it behind only hyperscalers such as Amazon, Microsoft, and Google, making it the most heavily stocked non-hyperscaler player by chips. Apollo is described as earning fees from facilitating the deals and managing financing vehicles, rather than keeping the chips itself as a base business. As of the latest reporting, both deals remain pending, with no closing timeline given.