Spacex Secures $40B as Musk Predicts Most Neoclouds Will Fail

Spacex has secured a roughly $40 billion equipment financing commitment as CEO Elon Musk predicts failures among specialized AI cloud providers. The conditional agreement would fund computing hardware, with deliveries expected in the first half of 2027. Spacex Secures Conditional Financing for AI Equipment Apollo Global Management disclosed the approximately $40 billion equipment financing commitment […]