Elon Musk said on X that SpaceX closed $40 billion in debt financing to buy graphics chips used for artificial intelligence, CNBC and Reuters via Channel News Asia reported. Musk said the company is investment grade and earns revenue from Starlink and launches. He said the financing is mainly callable debt for GPUs expected in the first and second quarters of 2027.

Bloomberg had earlier reported SpaceX was seeking about $40 billion for Nvidia chips, possibly through a special purpose vehicle to keep debt off the balance sheet. Musk's posts did not detail lenders or final documents. Reuters via Channel News Asia said it was not immediately clear what "closed" meant in the post.

Musk also said debt markets have largely shut out firms without substantial revenue outside AI data centers. He predicted more than 200 "neocloud" companies could fail or merge, with only a few surviving. SpaceX has branded its AI push "Super Intelligence."

CNBC tied the claim to the wider race for scarce high-end chips. The raise, if completed as stated, would be among the largest debt packages tied to AI hardware this year. No public prospectus was cited on the pages.

SpaceX has poured cash into AI work this year while still flying Starlink and rockets. Banks have grown picky about pure AI data-center debt. Musk's claim puts SpaceX in a different credit bucket because of those older cash engines.

Chip deals are huge this year. Musk says SpaceX can borrow because it sells internet and launches. Pure AI cloud firms face a harder market.

What we know: Musk said a $40 billion AI-chip debt raise closed. He tied survival to non-AI revenue.
What we don't: Lender names, final covenants, and whether a filing will follow.