Elon Musk: SpaceX $40 Billion Debt Deal Completed for Chip Investment

Elon Musk announced that SpaceX has completed a $40 billion debt deal for the chips needed within the scope of artificial intelligence investments. However, sources close to the matter state that negotiations regarding pricing are ongoing.

In a post on the social media platform X, Elon Musk reported that SpaceX has closed a $40 billion debt deal for Nvidia Corp. graphics processing units (GPUs). In contrast, people familiar with the matter stated in statements to Bloomberg News that price negotiations between the parties are continuing.

Musk claimed that debt markets are nearly closed for smaller cloud computing companies that depend on revenue streams derived from artificial intelligence data centers. Stating that more than 200 such companies will face bankruptcy and industry consolidation processes, Musk noted that only a very few of them will survive.