SpaceX signs a $40 billion lease deal for Nvidia AI chips, with Elon Musk saying the agreement is complete.
SpaceX secured a $40 billion debt financing for AI equipment, driven by strong credit and Starlink revenue. Revenue surged 161% in the third quarter, with AI revenue reaching $7.56 billion. The company plans $35 to $40 billion in capital spending for the fourth quarter. Elon Musk announced the deal on X and warned debt markets have nearly closed to non-AI-revenue companies.
- SpaceX closed $40 billion in debt financing for graphics processing units.
- SpaceX's revenue increased by 161 percent in the third quarter.
- SpaceX struck a deal with Apollo Global Management to lease specialized chips for artificial intelligence development.
- SpaceX expects $35 billion to $40 billion in capital expenditure for the fourth quarter.
- Musk predicted many neoclouds would face decline and consolidation.
- Elon Musk announced the financing on the X platform.
- SpaceX aims to finalize the deal by the end of the year.
- Musk stated that debt markets have almost entirely shut off access to money for companies without substantial revenue independent of AI data centers.
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