Musk said the financing was supported by SpaceX’s investment-grade status and revenue from Starlink and launch services. Reuters noted that his post did not make clear whether pricing had been agreed or what he meant by the deal being closed.

The company expects $35 billion to $40 billion in fourth-quarter capital spending. Musk also predicted consolidation and failures among AI-focused cloud providers as lenders become more selective.

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This is an original summary, not a republication of the full report.

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