$40 billion—that was one deal that could still get done in the debt financing market over the past few weeks.
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Elon Musk said on X that over the past few weeks, the debt financing market had all but shut its doors to companies with no revenue beyond AI data centers. He was able to get his own financing across the line thanks to an investment-grade credit rating and revenue from Starlink and rocket launches.
At the same door, $40 billion has already come through, while more than 200 emerging cloud providers are left waiting outside. He expects many of these companies to fail, the industry to consolidate, and only a few to survive.
The two figures add up: $40 billion and more than 200 companies aren’t pointing in opposite directions—they’re on different sides of the same door, divided by credit ratings and revenue. The money hasn’t disappeared; it’s simply flowing to those with ratings and revenue.
🔥 门只给有评级的开，新融资动静发群里，进来对着看
Elon Musk said on X that over the past few weeks, the debt financing market had all but shut its doors to companies with no revenue beyond AI data centers. He was able to get his own financing across the line thanks to an investment-grade credit rating and revenue from Starlink and rocket launches.
At the same door, $40 billion has already come through, while more than 200 emerging cloud providers are left waiting outside. He expects many of these companies to fail, the industry to consolidate, and only a few to survive.
The two figures add up: $40 billion and more than 200 companies aren’t pointing in opposite directions—they’re on different sides of the same door, divided by credit ratings and revenue. The money hasn’t disappeared; it’s simply flowing to those with ratings and revenue.
