Musk says SpaceX raised $40 billion in debt for GPUs
FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo
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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
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