Why is data center debt getting hit so hard?

“It’s not that supercomputer data centers are not in high demand, as they definitely are. However, getting money to build complex hardware systems with massive power, cooling & networking is not the same as doing it. SpaceX has a super cracked team that is outperforming the rest of the world by an order of magnitude in mass to orbit and even we find it very difficult!”

— Elon Musk, 13 October 2026 · Post on X ↗