SpaceX’s Elon Musk reveals $40 billion in debt for AI chips, warns of neoclouds

SpaceX (SPCX) CEO Elon Musk said his company closed on $40 billion in financing to pay for specialized chips used to power AI, but warned that access to debt is drying up for companies that solely rely on data center revenue.

“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,” wrote Musk on X on Sunday.

Musk went on to say that SpaceX (SPCX) closed $40 billion in debt for Nvidia’s (NVDA) GPUS or graphics processing units used