Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity.Musk announced the financing on Sunday, saying SpaceX was able to secure the money because of its investment-grade status and revenue generated outside AI through its Starlink satellite internet and rocket launch businesses."SpaceX closed $40B of debt for GPUs, but we're investment grade and have Starlink & launch revenue," Musk said.Graphics processing units, or...
SpaceX secures $40B in financing for GPUs as Elon Musk warns of AI cloud industry consolidation
HALO Newsroom
Oct 26, 2026 • 2 hours ago
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