Apollo leads $3.5 billion financing for xAI data center infrastructure
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Apollo Backs $5.4 Billion Valor and xAI Data Center Compute Infrastructure Transaction with $3.5 Billion Capital Solution
January 7, 2026 8:00 AM UTCGPU Lease Financing to Support xAIs Second Data Center
NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates (the Apollo Funds) have led a $3.5 billion capital solution for Valor Compute Infrastructure L.P. (VCI), a fund managed by Valor Equity Partners (Valor), to support its $5.4 billion acquisition and lease of data center compute infrastructure, including NVIDIA GB200 GPUs, to a subsidiary of xAI Corp (xAI). The financing uses a triple net lease structure and will support one of the worlds most powerful compute clusters... More
