Goldman, Apollo in Talks to Sell $40B SpaceX AI Deal
SPCX sits 29% above its 52-week low of $104.83.
Summary
Goldman Sachs and Apollo are in talks to sell a $40 billion AI-related deal tied to SpaceX, according to Bloomberg. The headline gives no terms, buyer, or structure, so the financial impact is unclear. Context matters here: SpaceX just posted Q3 revenue of $14.6B (up 161%) with $4.4B net income and holds $51.3B in cash plus $38.6B in marketable securities, and it is running heavy AI capex. A $40B AI transaction is large relative to that base and would be a meaningful capital commitment if SpaceX is a party.
At the time of this announcement, SPCX was trading at $135.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.