Elon Musk: New cloud providers will face large-scale consolidation and bankruptcy waves

Elon Musk posted that the debt market financing environment is diverging, new cloud providers will face large-scale consolidation and bankruptcy waves, as lack of AI data center revenue makes it difficult to secure financing. He predicts that new cloud providers like Nebius and CoreWeave will be affected, and explicitly states that SpaceX will not acquire any new cloud providers.