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SpaceX closes $40 billion debt financing to buy AI chips

TechnologyInternationalRevista ADVFN35 s readAI summary
Image: Revista ADVFN

SpaceX completed a $40 billion debt financing to acquire artificial intelligence chips, according to Elon Musk, who said the funds will go mainly to GPUs with deliveries expected in the first and second quarters of 2027. Musk attributed the access to credit to the company's investment-grade rating and to revenue from Starlink and its launch business. He also warned that more than 200 specialized AI cloud providers, known as neoclouds, could face closures and consolidation due to tighter credit conditions.

In 35 seconds

  • SpaceX raised $40 billion in debt to buy GPUs for artificial intelligence.
  • Musk said the equipment will be received in the first and second quarters of 2027.
  • Access to financing is attributed to the investment-grade rating and revenue from Starlink and rocket launches.
Read the full story at Revista ADVFN

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

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