SpaceX CEO Elon Musk attends a press briefing held by President Donald Trump with AI executives following a gathering on synthetic intelligence, outdoors the West Wing of the White Home in Washington, Sept. 29, 2026.
Finn Gomez | Getty Photographs
Shares of main neocloud shares fell on Monday after Elon Musk stated that greater than 200 firms within the sector might collapse.
Nebius, CoreWeave and Iren all dropped greater than 4% in premarket buying and selling, including stress to a sector already going through investor issues about debt-fueled growth and whether or not the big AI infrastructure buildout will generate returns.
“As of the previous few weeks, debt markets have nearly totally shut off entry to cash for any firm that does not have substantial income impartial of AI information facilities,” Musk stated on a publish on X on Sunday.
“Meaning the 200+ neoclouds are going to see guppy-level loss of life and consolidation. Some will make it by, however not many,” he added.
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