• 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

    • HubertManne@piefed.socialEnglish
      12·
      1 day ago

      im a bit conflicted. hate the sattelites but like the reusable rockets. I mean the tech is already out there so im sure someone would take up the slack. unfortunately there are likely to be half a dozen different sattelite internet swarms eventually regardless.

      • partial_accumen@lemmy.worldEnglish
        41·
        11 hours ago

        I mean the tech is already out there so im sure someone would take up the slack.

        The Chinese companies are running with Falcon 9 style reuse. Additionally, US company Blue Origin has successfully flown a scaled-up Falcon 9 style reuse rocket. US company Rocketlab also has a slightly scaled up Falcon 9 style reuse rocket in the works scheduled to fly for the first time in 2027.

      • Speltrong@feddit.orgEnglish
        4·
        17 hours ago

        Well they could go bust and then the government could atwp in and nationalize them for penneies on the dollar.