Artificial Intelligence: SpaceX Secures $40 Billion for AI Chips
According to Elon Musk, SpaceX has borrowed $40 billion to buy AI chips. The company's good credit rating and revenue from Starlink and rocket launches have secured access to loans.
SpaceX has secured $40 billion in external financing for the purchase of graphics processing units. The financing, primarily in the form of callable debt securities, was made possible by the company's good credit rating and revenue from its Starlink satellite internet service and rocket launch business. The funds will be used to purchase GPUs from Nvidia, with deliveries expected in the first and second quarters.
SpaceX's revenue surged 161% to $14.58 billion in the third quarter, while its capital expenditures nearly tripled to $19.6 billion.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
