Musk's SpaceX raises ₹3.8 lakh crore in debt, he warns of neocloud collapse

Amid rising AI infrastructure costs, Elon Musk's SpaceX closed a $40 billion (nearly ₹3,80,600 crore) debt deal to purchase GPUs. Musk said debt markets are largely closed to companies lacking substantial revenue beyond AI data centres. He noted neocloud companies may face major consolidation and failures, adding that SpaceX would not acquire neoclouds, calling such purchases "pointless".