AI Fund Flows

Apollo: AI deals, investors and valuation

🇺🇸 United States · Market cap $68.9B · APO · listed
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As of Nov 9, 2026, Apollo has 4 AI deals of $1B+ in this database: it pays $56B and receives $0M (net −$56B). It ranks #31 of 198 companies by number of deals.

Pays / invests
$56B
Receives
$0M
Net
−$56B
Deals
4

Value over time

Listed companies: month-end market cap. Private: latest round valuation. Dots are deals.
Valuation history
  • January 2025$101B
  • April 2025$80.6B
  • July 2025$85.8B
  • October 2025$73.4B
  • January 2026$79.4B
  • April 2026$76B
  • July 2026$74.2B
  • October 2026$68.4B
  • November 2026$68.9B

Receives from

$0M

—

Pays to

$56B
SpaceX$40B · 71%
xAI$16B · 29%

Loops it is part of

No closed loop found for this company.

All Apollo deals

Oct 26, 2026Funds & debtannounced$40B
Apollo → SpaceX · $10 billion loans + $30 billion IG bonds

SpaceX (which absorbed xAI) signs a binding commitment of about $40 billion led by Apollo, with Goldman Sachs and PIMCO, to buy Nvidia Vera Rubin chips and data center equipment.

Aug 10, 2026Cloud & servicesannouncedn/a
Nvidia → Apollo · target >$500 billion of third-party capital

Nvidia signs memoranda of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR for financing platforms to mobilize over $500 billion for buyers of Nvidia compute.

Jan 7, 2026Funds & debtclosed$3.5B
Apollo → xAI · $3.5 billion of a $5.4 billion deal

Apollo funds lead $3.5 billion of financing to Valor Compute Infrastructure to buy $5.4 billion of Nvidia GB200 GPUs and lease them to an xAI subsidiary (triple net lease).

Oct 8, 2025Funds & debtreported$12.5B
Apollo → xAI · SPV total debt (Apollo and Diameter arrangers)

Apollo and Diameter Capital arrange $12.5 billion of debt for a vehicle that buys Nvidia GPUs and leases them to xAI for 5 years (Colossus 2, Memphis). The debt is secured by the GPUs.

Questions and answers

Who are Apollo's biggest investors and payers?

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How much has Apollo invested or spent on AI deals?

$56B across 3 deals, the largest with SpaceX.

How much is Apollo worth?

Market cap: $68.9B (Nov 9, 2026).

Is Apollo part of a circular deal?

No closed loop found for this company.

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