James Van Straten(@btcjvs):A lot of AI infrastructure companies aren’t going to make it to the other side due to a lack of revenue or too much debt. If SpaceX merges with Tesla, it gets the $45B of cash. All roads lead to Elon.

2026.10.25 21:10

A lot of AI infrastructure companies aren’t going to make it to the other side due to a lack of revenue or too much debt. If SpaceX merges with Tesla, it gets the $45B of cash. All roads lead to Elon.

Elon Musk@elonmusk

2026.10.25 19:11

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.