PANews, October 26 — Elon Musk posted on X that SpaceX has completed $40 billion in debt financing to purchase GPUs. SpaceX has an investment-grade credit rating and revenue from its Starlink and launch businesses. He said that over the past few weeks, debt markets have effectively shut off access to financing for companies without significant revenue beyond AI data centers. This means more than 200 neocloud companies will face a wave of exits and consolidation, with only a handful likely to survive. Bloomberg previously reported that SpaceX’s proposed $40 billion AI financing plan had run into hurdles amid volatility in credit markets.