AI News: Musk Says SpaceX Closed $40 Billion GPU Debt Deal

Key Insights Musk confirms SpaceX’s $40 billion debt deal, with AI news focused on Nvidia GPUs. SpaceX revenue surged 161% to $14.58 billion as capital spending hit $19.6 billion. SpaceX and Tesla’s Terafab target its first test chip in 2027 and mass production in 2028. AI news from SpaceX shifted from financing talks to a completed deal after Elon Musk announced $40 billion in debt. The company plans to buy graphics processing units, or GPUs, for its computing infrastructure. Musk said most financing involves callable debt for equipment arriving in the first two quarters. He added that these purchases would not materially affect the current quarter. The announcement follows an earlier report describing negotiations with banks and asset managers over the same amount.

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