26 October 2026
Musk says SpaceX raised $40 billion in debt to buy AI chips
First reported
CNBC and SiliconANGLE ran this on , all on the same day.
- SpaceX, Elon Musk's rocket and satellite company, raised $40 billion in debt to buy AI chips for its data centers.
- Musk says the lenders accepted it because SpaceX has a strong credit rating and revenue from Starlink, its internet service.
- Musk predicts most of the 200-plus smaller 'neocloud' firms that rent out AI computing power will fail or be bought.
Our read
Earlier on this story
Written by Newskeryx from which newsletters covered this story and from our own archive.
Reported by SiliconANGLE, CNBC