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Musk Claims SpaceX Closed $40 Billion Debt Deal for AI Chips

Elon Musk says SpaceX has closed a $40 billion debt financing deal intended to fund the purchase of AI chips, according to Bloomberg. The claim ties the rocket company to the surging demand for computing power driving the artificial intelligence race. Details of the arrangement, including lenders and terms, have not been disclosed, and analysts are watching whether the deal is confirmed.

Why now: Elon Musk's claim that SpaceX took on massive debt for AI chips blurs the line between his companies and signals how far the AI compute race is pushing even aerospace firms to raise capital.

Elon MuskSpaceXBloomberg

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