Musk says SpaceX landed a $40 billion debt deal — and forecasts doom for some AI rivals

Musk says SpaceX landed a $40 billion debt deal — and forecasts doom for some AI rivals Musk says SpaceX landed a $40 billion debt deal — and forecasts doom for some AI rivals SpaceX is rapidly growing an AI business that rents out access to advanced chips Elon Musk said on X that SpaceX’s diversified business model and investment-grade credit rating allowed it to raise debt. Against a more cautious artificial-intelligence backdrop, Elon Musk said SpaceX was able to close a $40 billion debt deal. to purchase graphics processing units, a type of AI chip. SpaceX has been rapidly growing its neocloud business, which means that it’s renting out access to chips to companies in need of AI processing power.

Musk said that SpaceX’s investment-grade credit rating and its diversified business, which includes revenue from rockets and Starlink satellite technology, enabled it to land the deal. Video 91/1 Skip Ad Continue watching after the adVisit Advertiser websiteGO TO PAGE Why humanoid robots are so hard to mass-produceSee All Videos Why humanoid robots are so hard to mass-produce Play video: Why humanoid robots are so hard to mass-produce **See also:**SpaceX’s massive AI targets will test the limits of reality Don’t Short Yourself offers weekly money tips to help you earn it, stack it and grow it. I agree to the Terms of Use, Privacy Notice and Cookie Notice.

I would like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time. In a separate post, Musk noted that this is “primarily callable debt for GPU purchases that will arrive in Q1 and Q2” and that the arrangement won’t be a “major factor” during the ongoing quarter.

SpaceX didn’t immediately reply to a request for comment on the debt deal. In recent weeks, investors have grown more anxious about the AI debt landscape, particularly as it relates to neocloud companies like CoreWeave that have relied on borrowed money to fuel their growth. The pressure on CoreWeave’s bonds has sparked jitters across the technology landscape in part due to the tight relationships that big companies have with one another.

CoreWeave didn’t immediately respond to a MarketWatch request for comment on Musk’s remarks. He also predicted that “200+ neoclouds are going to see guppy-level death and consolidation.” Musk further suggested that his company wouldn’t be part of any future industry consolidation, writing: “SpaceX is not buying any neoclouds. Pointless.” **Don’t miss:**CoreWeave’s selloff is a lesson in ‘Finance 101’ — and Wall Street says the stock can recover Copyright ©2026 MarketWatch, Inc.

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