SpaceX (SPCX) Stock Gains as Musk Locks In $40B for Nvidia AI Chips
Photo: CoinCentral
TLDR Elon Musk said SpaceX closed $40 billion in debt financing to buy Nvidia GPUs, due in the first half of 2027. SPCX stock traded up about 1% after hours on Sunday, near $147. Bloomberg reported the deal had not yet been priced, and talks were still ongoing late Sunday. Q3 revenue rose 161% to $14.58 billion, while capital spending nearly tripled to $19.6 billion. Musk predicted more than 200 “neocloud” firms could fail or merge as debt markets tighten. Elon Musk said on Sunday that SpaceX (SPCX) has closed $40 billion in debt financing to buy graphics processing units.
Source: CoinCentral
