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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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[–] 2 points 2 hours ago (1 child)

it is stopping flying workhorse Falcon 9 rocket in the near future

oh, just when those TeleSat Canada LEOs need to be launched...

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  • [–] 1 point 1 hour ago

    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.

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