Musk Says SpaceX Secures $40 Billion in Chip Debt Financing
Musk stated that SpaceX has secured $40 billion in debt financing to purchase NVIDIA GPUs for its AI business. However, sources familiar with the matter noted that pricing negotiations are still ongoing, and the debt had not been priced as of last Sunday night in New York. He also expressed pessimism about compute rental providers, predicting that over 200 "neoclouds" will face a "guppy-style" demise and consolidation, and that SpaceX will not acquire any of them.
Musk Says SpaceX Has Secured $40 Billion in Debt Financing for Chips
Musk claims SpaceX has completed $40 billion in debt financing to purchase NVIDIA GPUs to support its AI business. However, sources familiar with the matter say pricing negotiations are still ongoing, and the debt had not been priced as of last Sunday night in New York.
He also expressed pessimism about compute leasing companies, stating that more than 200 "neoclouds" will face a "guppy-style" demise and consolidation, and that SpaceX will not acquire any of them. The debt is planned to be issued via a private placement by an off-balance-sheet entity, with Goldman Sachs and Apollo involved.
Bloomberg
