Funding
SpaceX Raises $40 Billion in Debt for AI Chips
Nasdaq-listed SpaceX has raised $40 billion in debt to purchase Nvidia AI chips. CEO Elon Musk warned of a major shakeout among smaller AI cloud providers, known as neoclouds, which rely almost entirely on data centers for revenue. The money could be used to pay for GPU deliveries expected in the first half of 2027.