SpaceX commits to USD 40 billion lease: target for Apollo Global Management stock falls to USD 158

Published on 10/27/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Apollo Global Management stock costs EUR 102.45 on October 27, 2026. Second-quarter revenue was USD 11.15 billion and net income USD 2.09 billion.

Major financing and analyst revision

SpaceX committed to a USD 40 billion GPU lease involving Apollo on October 26, 2026.
Apollo reported USD 1.05 trillion in assets under management as of June 30, 2026.
Apollo Global Management stock traded at EUR 102.45 at 11:12 a.m. CET at Lang & Schwarz on October 27, 2026.

Apollo Global Management, US03769M1062, Illustration mit AI erstellt.

SpaceX committed to a USD 40 billion master finance lease involving an entity managed by Apollo Global Management on October 26, 2026, while Autonomous Research cut its target for Apollo Global Management stock from USD 162 to USD 158. Apollo Global Management published the financing details, and MarketScreener reported the analyst change on October 21, 2026.

Three recent signals for Apollo

The chronology shows a more cautious valuation picture. Morgan Stanley cut its target from USD 164 to USD 150 on October 16, 2026, Autonomous Research reduced its target from USD 162 to USD 158 on October 21, 2026, and Apollo disclosed the USD 40 billion SpaceX lease on October 26, 2026. The financing scale gives Apollo a prominent role in a major infrastructure transaction, but the lease remains subject to closing conditions.

Apollo Global Management also said on October 26, 2026, that it would take a minority equity stake in Mubadala Capital. Apollo reported assets under management of USD 1.05 trillion as of June 30, 2026, giving the new transactions a broader platform context.

What does the lease add?

The lease is designed to finance NVIDIA Vera Rubin chips and related equipment for SpaceX. Apollo leads the financing alongside Goldman Sachs, while BlackRock, Goldman Sachs Asset Management and KKR-advised capital accounts made anchor commitments. Lease schedules are expected to begin in the first half of 2027.

Dates investors can track

Apollo's next reported date is November 3, 2026, when third-quarter results are scheduled. The SpaceX lease is expected to close before the end of 2026, subject to specified conditions, according to the Apollo Global Management release.

Stock price and listing

Apollo Global Management stock was trading at EUR 102.45 at Lang & Schwarz on October 27, 2026, at 11:12 a.m. CET. The company is listed on the NYSE under ticker APO, according to Investing.com.