Why Is Apollo Global Management (APO) Tied To A $40 Billion AI Financing?

Apollo Global Management (NYSE:APO) is managing a reported US$40b GPU lease financing for SpaceX tied to AI and cloud infrastructure. The firm is also close to securing an equity stake of nearly 10% in Abu Dhabi based Mubadala Capital. The Mubadala Capital investment would expand Apollo's presence in Middle Eastern alternative assets alongside major sovereign-backed platforms. The SpaceX GPU lease and the near 10% Mubadala Capital stake only capture part of what is changing around Apollo...