- 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
The bubble has been pumped up so high and for so long that we’re not even near the point were those who jumped into it in January are actually losing money, much less those who jumped into it 2 or more years ago started fearing that they’ll lose money in their “investment”.
You do see the professionals changing their posture (especially in the Money Markets), but the rout hasn’t started yet, IMHO.
Nvidia is down for the year. Those who jumped into investment rounds this year in OpenAI and ANT are praying to break even. Other than the 3 hyperscallers and SpaceX (pre IPO), all heavily down this year.