TNW | Spacex
Elon Musk says SpaceX has raised $40bn in debt to buy AI chips
SpaceX’s chief executive also predicted a shakeout among neoclouds, the firms that rent out AI computing power.
Via TNW | Spacex
·Excerpt
Elon Musk at VivaTech in Paris, 16 June 2023
Credit: Frederic Legrand - COMEO / Shutterstock.com
SpaceX has secured $40 billion in debt financing to buy graphics processing units (GPUs), the chips used to run AI systems, Elon Musk said in a post on X on Sunday.
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed…
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