BusinessPhoto: Firstpost BusinessSpaceX Raises $40 Billion Debt to Buy AI Chips, Musk Reveals Plans
Elon Musk’s SpaceX secured $40 billion in debt financing to purchase GPUs, primarily for AI chip acquisitions arriving in early 2024. Musk attributed the funding to SpaceX’s investment-grade status and revenue from Starlink and rocket launches. The company’s revenue rose 161% year-on-year to $14.58 billion, with AI revenue surging nearly tenfold to $7.56 billion, highlighting AI’s growing role in SpaceX’s business.
Firstpost Business·

