Utah News spotted this story published October 27, 2026 at KSL. Full coverage may follow as more sources report.
Elon Musk offered a gloomy outlook this past weekend for neocloud companies as they try to build out data center infrastructure for artificial intelligence. As the SpaceX CEO announced Sunday on X that the company had closed $40 billion in debt financing to purchase graphics processing units for AI systems, he painted a challenging picture for neocloud firms.