TNW | Finance
Elon Musk says debt markets have shut out neoclouds and few will survive
Musk says SpaceX can still borrow because it earns from Starlink and launches. Nvidia’s Jensen Huang says neocloud demand is ‘off the charts’ and capital is the gap.
By TNW | Finance
Excerpt shared by Lazyfounder
·Excerpt
Shares in CoreWeave, Nebius and Iren fell in early trading on Monday after Elon Musk wrote that most neoclouds will not survive. All three rebounded later in the day, as Arjun Kharpal reported for CNBC.
Neoclouds rent out AI computing power, mostly Nvidia chips, to other companies. Musk set out his view…
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