Don Wilson
@drwconvexity
CEO and Founder of @DRWTrading and @CumberlandSays
Joined November 2013
424 Following 11.2K Followers
Neoclouds that are able to lock in forward compute prices in derivatives markets will be able to get financing as long as they have a credible track record of execution.
Pretty much.
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.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
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