- 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
Confusingly, SpaceX has announce to the launch market it is stopping flying workhorse Falcon 9 rocket in the near future even while the market for launch services is at an all-time-high.
I get they they’re trying to transition to their larger Starship rocket, but right now the rocket only achieved orbit about two weeks ago for the first time. Further, the current version of Starship can’t launch traditional satellites. It is designed specifically for SpaceX’s “flatpack” style of satellite which no one else uses at this time. So even SpaceX says “Starship is open for customers!”, it can’t fly the current payloads customers have today.
So if SpaceX is having this much money trouble it seems like bad business to stop flying the profitable Falcon 9 rocket when the launch market is screaming to buy more of it at top dollar.
Well, stopping launch support for the non flatpack style drives business toward the flatpack. I can only assume they make money off that somehow.
Sure, but the satellite procurement, design, and manufacturing timeline is many years long. If driving the industry toward flatpack satellites is what SpaceX wanted, then they should be publishing specs, guidelines, and requirements that flatpack satellites need to meet to fly on Starship. So far, I haven’t seen SpaceX do any of that. Further, you’d give your customers a longer lead time to complete the traditional cube shaped satellites that are already in the development pipeline so those could be set to launch on Falcon 9.
Neither of those things has happened. If SpaceX wants customer to adopt their new way, they’re going about it very poorly.
I thibk that’s just kinda part and parcel of employing Musk in any capacity
oh, just when those TeleSat Canada LEOs need to be launched…
I think the TeleSat satellites for Canada are already fully booked on Falcon 9 so those should still be going. SpaceX isn’t booking any new flights for launch occurring after mid 2028. So the order book is closed and customers already booked will still fly. This is kind of how it works in the launch industry where you have to buy your launch years in advance. However any new payloads from customers will have to go elsewhere.