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Elon Musk says SpaceX closed $40B in GPU debt, debt markets have shut off credit for AI data center firms, and 200+ neoclouds face "death and consolidation" (Elon Musk/@elonmusk) Main Link | Techmeme Permalink

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From the buyer seat, I already pick inference hosts like vendors that might not exist next quarter. Same API on two providers, no long prepay, open weights I can move. If 200 neoclouds really consolidate, teams with a second endpoint wired up won't even notice.

Imagine if 5yrs after the first flight, huge airplanes were being built and millions of people flown being around the world for free. Then, the pension funds loaning hundreds of billions suddenly noticed that Free Flight Ltd doesn't make any money, and never will.