SpaceX (SPCX) CEO Elon Musk said the company closed $40 billion in financing to buy specialized AI chips, but warned that debt access has nearly dried up for firms without substantial revenue outside AI data centers. Shares of CoreWeave (CRWV) and Nebius (NBIS) fell after his comments. Musk said the debt is primarily callable debt for Nvidia (NVDA) GPU purchases arriving in Q1 and Q2 and is not a major factor this quarter. SpaceX's AI segment brought in $7.6 billion in the third quarter, more than Starlink and the rocket business combined and over half of its $14.6 billion total revenue. Musk predicted neoclouds will see 'guppy-level death and consolidation,' and CoreWeave shares have tanked more than 37% over the past month.
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SpaceXElon MuskNVDACoreWeaveartificial intelligencecredit
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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