Business & Economy · 3 views
SpaceX closes $40 billion debt deal for AI chips, Elon Musk says
Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units, or GPUs, used to power artificial intelligence systems.
AI Summary
SpaceX secured $40 billion in debt financing to buy graphics processing units for its AI systems. Elon Musk announced the deal on X on Sunday. The company is described as investment‑grade and earns revenue from its Starlink satellite internet and rocket launch operations.
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