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Jan 14, 2026 12:40 PM

Apollo Leads $3.5 Billion AI Infrastructure Financing To Power Elon Musk's xAI

Apollo Global Management (NYSE:APO) has led a $3.5 billion financing package for Valor Compute Infrastructure (VCI), a fund run by Valor Equity Partners. This money will help fund a $5.4 billion acquisition and lease of data-center infrastructure, including Nvidia Corp‘s (NASDAQ:NVDA) GB200 GPUs, to a subsidiary of Elon Musk's artificial intelligence company, xAI.

The deal is structured as a triple‑net lease and is intended to support xAI's ongoing model training and the development of Grok, its AI chatbot, Apollo said in a statement.

Nvidia is an anchor investor in VCI, joining a ...