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SpaceX Default Risk Hits Record High in Tech-Driven Credit Slump (archive.is)
submitted 1 day ago by to c/technology@lemmy.world
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  • 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

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[–] 14 points 18 hours ago (1 child)

Smallest amount of scrutiny that hasn't even happened yet and isn't even guaranteed if Jeffries and Schumer get in the way

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  • [–] 4 points 7 hours ago*

    Yeah, this is the reaction to just a tiny change in the investor expectations on the industry being under scrutiny and not just unconditionally saved with taxpayer's money like in the 2008 Crash around (when, by the way, there was a Democrat administration in power which unconditionally save the entire industry that had fucked things up massivelly, thus protecting the value of the Assets of the ultra-rich, hence the huge growth in inequality in the following decade).

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