Elon Musk says he expects "death and consolidation" across the AI cloud industry. That's a pretty dire warning, especially from someone whose own enterprise, Space Exploration Technologies Corp.(NASDAQ:SPCX), is now as much an AI cloud provider as it is a rocket company. But Musk says that those very revenues from the rest of SpaceX's numerous businesses are exactly what will protect SpaceX's AI efforts from the capital crunch smaller players are facing. Is he right? In a Sunday post on X, Musk said: "As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn't have substantial revenue independent of AI data centers."
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