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Winners & losers: Is the AI industry bubble closer than ever to bursting? Elon Musk has just predicted that more than 200 neocloud companies, which rent compute power to firms for AI training and inference, will experience "guppy-level death and consolidation." In the same post, the CEO announced that SpaceX has secured $40 billion in debt to fund more GPU purchases, though one report claims the deal hasn't closed.

Writing in an X post yesterday, Musk said lenders had largely stopped providing money to those companies without substantial income outside AI data centers.

He claimed SpaceX could still borrow thanks to its investment-grade status and revenue from Starlink and rocket launches.…