$63 Billion Financing Enables Anthropic to Deploy AI Compute
Key Facts
Bank of America, Blackstone, Citi and Morgan Stanley announced on October 26, 2026, that they had arranged $63 billion in financing to deploy AI computing capacity for Anthropic using Broadcom technology, according to a Blackstone statement. The arrangement allows Broadcom XPU accelerators and networking solutions to be purchased through a special-purpose vehicle, which will then lease the equipment to Anthropic. The announcement came alongside a separate SpaceX commitment to enter into a master finance lease for GPU equipment, with expected principal payments of about $40 billion over the lease schedules. The figures cover two separate transactions and do not represent a combined financing package: the Anthropic arrangement concerns computing using Broadcom technology, while the SpaceX arrangement involves leasing equipment for data centers selected by the company. The two deals highlight the expansion of computing infrastructure financing through long-term credit and lease arrangements.
In the Anthropic arrangement, Bank of America, Citi and Morgan Stanley are arranging the initial debt tranche, while Blackstone alone is providing the committed portion of the second-tranche financing. Broadcom is providing the special-purpose vehicle with residual-value support equal to the value of the initial debt tranche, according to Blackstone's statement. This allocation means the financing combines more than one debt tranche with support for the residual value of the equipment, assigning specific roles to the banks, Blackstone and Broadcom. SpaceX's commitment, meanwhile, is described in the company's filing with the Securities and Exchange Commission as a commitment to enter into a master finance lease with an entity managed by Apollo, rather than an announcement that the contract has been completed. Apollo said the financing is led by Apollo and Goldman Sachs, which acted as sole structuring agents, with major commitments from funds and accounts managed by BlackRock and Goldman Sachs Asset Management, and capital accounts advised by KKR.
SpaceX expects the separate lease schedules to run for about five years to five and a quarter years from the start date of each schedule, with rent payable quarterly in advance. The company expects its contract to close before the end of 2026, subject to specified conditions, with the anticipated lease schedules beginning in the first half of 2027 when the equipment is delivered. Under the Anthropic arrangement, equipment deliveries are expected to begin in 2027, as part of a strategic computing-capacity agreement previously announced by Broadcom. Deliveries, the start of leasing and closing therefore remain future stages under the announced schedules, rather than milestones already achieved. SpaceX's chief financial officer said the company sees a payback period of less than a year for its superintelligence infrastructure investments, adding: "As demand for compute accelerates, we see payback periods of less than a year for our investments in superintelligence infrastructure."
The commitments follow a previous $35 billion financing arrangement to expand Anthropic's computing capacity, led by Apollo and Blackstone, according to the headline of an EL7 story published in June. SpaceX's quarterly results provide context for the scale of the company's expansion: revenue reached $14.6 billion in the third quarter of 2026, up 161% from $5.6 billion in the same quarter of 2025. The company also said its nominal computing capacity had reached 1.7 gigawatts on September 30, 2026, and described its continued expansion as one of the drivers of growth in its superintelligence business. In the session before the October 26 announcement, BX closed at $117.97 a share on October 23, versus $118.75 in the previous session, while SPCX closed at $147.49, compared with $144.75. In Monday's October 26 session, the S&P 500 rose 0.7% and the Nasdaq 0.8%, while AP described AI stocks as remaining volatile amid concerns about the cost of borrowing to build data centers and buy chips; it had reported that SpaceX shares rose 7.8% in the October 21 session after the company reported quarterly earnings that exceeded analysts' expectations.