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Musk says SpaceX closed US$40 billion in debt to buy Nvidia AI chips

TechnologyInternationalBloomberg Línea40 s readAI summary
Image: Bloomberg Línea

Elon Musk said SpaceX closed a US$40 billion financing to acquire Nvidia GPUs and support its artificial intelligence ambitions. According to his post on X, the off-balance-sheet deal is backed by the company's investment-grade credit rating and by revenue from Starlink and rocket launches. Musk also warned that the more than 200 "neoclouds" will face a "die-off and consolidation" due to their heavy debt, and said SpaceX will not buy any of them.

In 40 seconds

  • Musk announced on X a US$40 billion financing to buy Nvidia GPUs, structured as off-balance-sheet debt.
  • The deal relies on SpaceX's investment-grade rating and revenue from Starlink and rocket launches.
  • Musk predicted a "die-off and consolidation" among the more than 200 'neoclouds' due to their high debt and ruled out SpaceX buying any.
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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