Technology1 min read

Musk says SpaceX raised $40 billion in debt for GPUs

By · Published by Everything Blog

In short

SpaceX has secured $40 billion in debt financing for GPUs, a move that preserves the company's access to credit and is primarily for GPU purchases in the first and second quarters of the year.

Key points

  • SpaceX has secured $40 billion in debt financing for GPUs.: SpaceX has secured $40 billion in debt financing for GPUs.
  • This financing preserves access to credit for future GPU purchases.: This financing preserves access to credit for future GPU purchases.
  • The funding is primarily for the first and second quarters of the year.: The funding is primarily for the first and second quarters of the year.

Sources checked by our analysis pipeline: 1

Oct 25 : Elon Musk said SpaceX had closed $40 billion in debt financing for graphics processing units, adding the company's investment-grade status and revenue from its Starlink satellite internet and launch businesses had helped preserve its access to credit.

"This is primarily callable debt for GPU purchases that will arrive in Q1 and Q2. Not a major factor this quarter." Musk said in a post on X.

Source: Reuters

Original source: www.channelnewsasia.com

Technology