• 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

  • humanspiral@lemmy.caEnglish
    1·
    7 hours ago

    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.