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Deep & Emerging Tech·October 26, 2026·1 min read

Elon Musk says SpaceX has raised $40bn in debt to buy AI chips

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Raising $40 billion in debt purely for GPUs turns AI compute into a capital markets asset class—access to cheap credit is now a competitive advantage in model training. If you’re not a balance-sheet player, assume your path to scale runs through partnerships with those who are.