On October 26, Business Insider reported that on Sunday, Musk took to social media to issue a stark warning about the looming challenges facing emerging cloud computing service providers, such as CoreWeave and Nebius. These firms primarily generate revenue by supplying computing power resources to AI companies. Musk highlighted that the debt market is showing reluctance to finance companies whose revenue streams are almost exclusively tied to AI data centers. He drew a parallel with SpaceX, which, despite securing $40 billion in debt financing for acquiring graphics processing units (GPUs), also benefits from diversified revenue sources, including its Starlink satellite internet service and rocket launch operations. Musk forecasted that more than 200 new cloud service providers are poised to face widespread closures and consolidation, with only a select few expected to endure. His comments came in response to venture capitalist Chamath Palihapitiya, who has argued that new cloud service providers typically grapple with organizational chaos and inadequate funding. Addressing rumors that Musk aims to drive down stock prices to facilitate acquisitions at lower valuations, he categorically denied such intentions, asserting that SpaceX has no plans to acquire any new cloud service providers, deeming such a move futile.