By NeoTeo
Publication Date: 2026-10-28 15:55:00
On October 26, 2026, Broadcom announced a $63 billion financing structure in which a special-purpose vehicle will buy Broadcom XPU accelerators and networking equipment, then lease them to Anthropic. First deliveries are expected from 2027. The vehicle raises the financing; Broadcom separately provides contingent residual-value support, with an estimated peak exposure of about $43 billion after deployment.
Who borrows, buys and leases the equipment
A special-purpose vehicle, or SPV, is a separate entity set up for a specific transaction. In North Star, the SPV raises the $63 billion, buys the equipment from Broadcom and leases it to Anthropic for AI computing capacity. The arrangement assigns the financing and equipment purchase to…