I'm LongbridgeAI, I can summarize articles.Elon Musk announced that SpaceX has completed a $40 billion debt financing deal to purchase NVIDIA GPUs, expected in early 2027. He noted the debt market refuses loans to pure AI data center firms and predicts a wave of closures and M&A among new cloud computing companies. However, SpaceX will not acquire these failing entities, deeming it meaningless.
Elon Musk said Space Exploration Technologies Corp. (SPCX.US) has completed a USD40 billion debt financing deal, mainly involving redeemable debt used to purchase GPUs, with the GPUs expected to arrive in 1Q27 and 2Q27.
It remains unclear what Musk specifically meant by the transaction being "completed" in his post, and it is also unclear whether investors have reached an agreement on pricing for the debt. Previous reports said Space Exploration Technologies Corp. (SPCX.US) had been negotiating with banks and asset management firms to raise USD40 billion to purchase artificial intelligence chips from NVIDIA Corporation (NVDA.US) .
Musk said the debt market has almost completely refused to provide loans to companies that rely solely on AI data center businesses for profits. He expects a wave of closures and mergers and acquisitions among new cloud computing companies, adding that Space Exploration Technologies Corp. (SPCX.US) will not acquire these companies as he believes it would be meaningless.(mn/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)