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Musk Rules Out SpaceX Buying Distressed New Cloud Providers

His statement addressed a potential purchase of newer cloud firms facing financial distress.

By John Kim
Published
An unfinished data center stands beside a quiet construction yard / TokenPost.ai
An unfinished data center stands beside a quiet construction yard / TokenPost.ai

Tesla CEO Elon Musk said SpaceX would not acquire distressed newer cloud providers.

His statement concerned that specific category of potential deal, rather than acquisitions generally.

Musk's comments addressed speculation about SpaceX buying companies in financial distress.

Musk has also raised concerns about computing capacity left unused at unfinished data centers.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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