Musk: "SpaceX finalized a $40 billion debt raise for GPU purchases" : International : JKN - Maekyung Economy
Article excerpt
Elon Musk announced that SpaceX has finalized a $40 billion (approximately 55.6 trillion won) debt raise intended for the purchase of graphics processing units (GPUs). This move illustrates the astronomical cost required to build artificial intelligence (AI) computing capabilities. Reuters reported on the 25th that Musk stated via X (formerly Twitter) that SpaceX succeeded in this fundraising thanks to its investment-grade rating and revenues generated by its Starlink satellite internet and rocket launch businesses. However, the exact meaning of the term "finalized" used by Musk or whether investors accepted the debt pricing could not be immediately verified. In his post, Musk explained: "This financing mainly consists of callable debt for the purchase of GPUs that will be delivered in the first and second quarters of next year," adding that "this is not a major impacting factor on this quarter." ▲ $40 billion raised to acquire GPUs... up to $40 billion in investments planned for the Q4 According to SpaceX Chief Financial Officer Bret Johnsen, the company expects capital expenditures of $35 billion to $40 billion in the fourth quarter alone. Reuters reported earlier this month that SpaceX was in talks with banks and asset managers to raise $40 billion to buy Nvidia AI chips. This fundraising reveals the astronomical capital requirements generated by the AI boom. Global...
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"Terafab", the semiconductor manufacturing facility established in Austin, Texas in partnership with Tesla, has set a goal to produce its first test chips between May and June of next year and achieve mass production by the third quarter of 2028.
