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Musk said SpaceX closed $40 billion in debt financing for AI chips

Musk said debt markets have shut off funding for AI companies without other revenue and predicted a shakeout among neoclouds

Ethan Swope / Bloomberg via Getty Images

SpaceX CEO Elon Musk said in a post on X $TWTR on Sunday that SpaceX had wrapped up a $40 billion borrowing deal to fund purchases of graphics chips known as GPUs. He pointed to SpaceX's investment-grade rating, along with income from Starlink internet service and rocket launches.

It was unclear right away how Musk was using the word "closed," or whether buyers of the debt had signed off on its pricing, according to........

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