Musk said SpaceX had closed $40 billion in debt financing for GPUs expected to arrive in the first half of 2027. SpaceX was previously reported to be seeking $40 billion to purchase Nvidia chips, with market turmoil complicating financing talks. More than 200 neocloud companies could face widespread failures and consolidation as debt financing tightens, according to Musk. Tesla and SpaceX CEO Elon Musk attends the Golden Age of American Innovation Summit at the Institute of Peace on Oct. 8, 2026 in Washington, DC. Win McNamee | Getty Images
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