Monday, 26 October 2026

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AI cloud computing companies face ‘guppy-level death’, Elon Musk warns, as funding dries up – business live

Rolling coverage of the latest economic and financial newsBloomberg, intriguingly, are questioning Elon Musk’s claim that SpaceX has closed a $40bn debt deal to fund more chip purchases.They’ve heard that talks over the pricing of this deal are still ongoing, and report:As of late Sunday in New York, those conversations remained ongoing and the deal hadn’t priced, people with knowledge…

Rolling coverage of the latest economic and financial newsBloomberg, intriguingly, are questioning Elon Musk’s claim that SpaceX has closed a $40bn debt deal to fund more chip purchases.They’ve heard that talks over the pricing of this deal are still ongoing, and report:As of late Sunday in New York, those conversations remained ongoing and the deal hadn’t priced, people with knowledge…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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