← Back to live feed1 story
SpaceX will use a special purpose vehicle to secure $40B in funding for AI hardware purchases without affecting its investment-grade credit rating, with graphics processing units scheduled for delivery in the first half of 2027. The borrowing supports the company's AI business, which became its largest unit after reporting $7.56B in Q3 revenue, a ninefold increase over the prior year.
Sign in to suggest
Key sources
- SOURCE@edludlow“Elon Musk has claimed that SpaceX closed a $40 billion debt deal to pay for the chips it needs to fuel its AI ambitions”x.com
- SOURCE@business“people familiar with the matter said the parties were still engaged in pricing discussions as of Sunday and the deal had not yet closed”x.com
- SUPPORT@photoncap“SpaceX's AI business segment grew ninefold to $7.56 billion in Q3 revenue, becoming the company's largest unit”x.com
- SUPPORT@edzitron“Yeah it’s ideal that your financiers are immediately saying “yeah yeah nothing is signed yet” over your $40 billion deal”x.com
- SUPPORT@stockmktnewz“debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers”x.com
- SOURCEhuggingnewshuggingnews.com