@uswirenews: SPACEX CLOSES $40 BILLION IN DEBT FINANCING FOR CHIPS Elon Musk said on Sunday that SpaceX had closed $40 billion in debt financing for graphics processing units, Reuters reported. Musk attributed the raise to the company investment grade status and to revenue from Starlink and its launch business, and said the callable debt will fund chip deliveries in the first and second quarters. Musk also predicted consolidation and failures among smaller AI cloud companies, saying they have largely lost access to debt markets. The opening photo shows Elon Musk in a file photo by Trevor Cokley, U.S. Air Force, public domain, via Wikimedia Commons. The data center footage is generic stock via Pexels and does not show any SpaceX facility. Reporting by Reuters via The Hindu BusinessLine. Is the AI race becoming a contest only the biggest companies can afford to enter? #SpaceX #ElonMusk #AI #TechNews #uswirenews

317

2026-10-26 21:15:55

To see more videos from user @uswirenews, please go to the Tikwm homepage.