- SpaceX and CoreWeave Inc. were among the biggest casualties in a broad-based credit slump due to renewed fears of tighter regulation on the artificial intelligence industry.
- The yields on one of CoreWeave’s bonds soared to a record high of more than 17%, while the cost of insuring SpaceX’s debt against default also rose to its highest level ever.
- Market watchers warned that a Democratic rout could strengthen the party’s ability to scrutinize Elon Musk’s conduct and impede an anticipated tie-up between Space X and Tesla Inc.
OG: https://www.bloomberg.com/news/articles/2026-11-05/spacex-default-risk-hits-fresh-peak-as-tech-led-selloff-builds
I’m sure Musk will ask for a bailout.
And probably get it.
He will get it. Space X is now the only domestic source of volume orbit launch capabilities. It’s a “national security issue” if it goes under. which is probably why Musk has been tying all his other failing garbage like XAI into SpaceX.
That’d be pretty funny considering that Democrats will control the house and senate.
Any bailout should come with two big conditions.
1 - spin it back off into its own company - rockets one company, telecom one company, everything else can go fuck off.
2 - elon has to sell off all stakes in the rocket company.
Nationalize it.
It makes sense. The Americans’ space program started with Nazi scientists, so now they can continue with a Nazi businessman.
How about the federal government take itbover instead. National security and all.