Musk: SpaceX has completed $40 billion in GPU debt financing.
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Musk stated on the X platform that SpaceX has completed $40 billion in debt financing for GPU procurement. SpaceX has an investment-grade credit rating and generates revenue from Starlink and its launch business. Musk predicts that due to the debt market closing its financing channels to companies lacking AI data center revenue, over 200 new cloud computing companies will face large-scale exits and consolidation, with only a few surviving. (Source: Bloomberg)