- 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.
Make laws that banks can’t lend against imaginary wealth. Let billionares pay for their own shit.
SpaceX going bust would be so awesome!!
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.
Yes, let’s blame all of that on the elections… They had shit bond yields before that already, it just got worse.
“Companies have been reckless doing whatever the hell they wanted but now with the smallest amount of scrutiny everyone panics”
Tells me you don’t have a strong business then.
Smallest amount of scrutiny that hasn’t even happened yet and isn’t even guaranteed if Jeffries and Schumer get in the way
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.
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.
