Musk says SpaceX raised $40 bln in debt, warns of neocloud collapse

Investing.com-- Elon Musk said SpaceX (NASDAQ:SPCX) had closed $40 billion in debt financing to purchase artificial intelligence chips, warning that more than 200 specialised cloud computing providers face widespread failures and consolidation as credit markets tighten. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » "Debt markets have almost entirely shut off access to money for any company that doesn't have substantial revenue independent of AI data centers," Musk said in a post on X on Sunday.