Elon Musk issues a warning for 'AI neoclouds' as SpaceX borrows $40 billion for chips

Nasdaq-listed SpaceX has raised $40 billion in debt to buy GPUs, the powerful processors used to run artificial-intelligence systems. Elon Musk announced that on X with a warning for neoclouds, or companies whose revenues depend almost entirely on data centers. The $40 billion deal is mainly callable debt , meaning SpaceX can repay it early. The money could be used to pay for GPU deliveries expected in the first half of 2027, though Musk did not explicitly say so. Reuters previously reported that SpaceX was negotiating with banks and asset managers to raise $40 billion to buy Nvidia AI chips.

Source: CoinDesk