Context: A Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became the blueprint for chip-backed debt, which Bloomberg says is on track to become a $1T market.
From Bloomberg: How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market — “What is a GPU?” Blackstone Inc. executives asked CoreWeave Inc.'s leadership. Also: “Is AI real?” — These were entirely logical queries …
Powerlattice makes a power delivery chiplet it says cuts AI compute power needs by more than 50%; it raised $31M in 2025.
The first TPU in space is running a Gemma 4 model on Google's data center satellite.
General Compute is betting on inference chips from outside the Nvidia ecosystem.
It is the first time Google is supplying its TPUs to another hyperscaler.
The financing gives SpaceX another way to fund its rapidly expanding AI ambitions without relying solely on traditional debt markets.
Musk says SpaceX secured $40 billion in debt financing to buy AI chips, and that debt markets have shut off credit for AI data center firms, with 200+ neoclouds facing "death and consolidation".
