Elon Musk says lenders have all but stopped funding companies whose business is mostly AI data centers, and that SpaceX got its $40 billion GPU financing done anyway. “As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers,” Musk wrote on X Sunday afternoon, replying to investor Chamath Palihapitiya . SpaceX, he added, “closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch.”

Under 40 minutes later, he described the money as “primarily callable debt for GPU purchases that will arrive in Q1 and Q2,” with a short addendum: “Not a major factor this quarter.” Reuters reported the closing on the strength of those posts. Neither post named the lenders or gave an interest rate.

The price went up on the way to closing

The raise surfaced Oct.…