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SpaceX announces plan to invest over $74 billion in AI campuses

The Motley Fool +1 · ·by G4L

SPCX Space Exploration Technologies Corp
$139.11 -0.59%
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  1. 1SpaceX announced a total planned investment of over $74 billion for two SpaceX campuses.
  2. 2SpaceX's projected capital expenditure for the fourth quarter is $35 billion to $40 billion.
  3. 3CFO Bret Johnson explained that funds will come from operating cash flow and capital pools in the bond market.

So what's the key point?

SpaceX has decided to spend over $74 billion to build artificial intelligence facilities. The company is making this large-scale investment using its own earned money and borrowed funds.

Source The Motley Fool +1 · View original ↗

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