237
SpaceX Default Risk Hits Record High in Tech-Driven Credit Slump (archive.is)
submitted 1 day ago by to c/technology@lemmy.world
28 comments fedilink hide all child comments
 
  • 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

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 11 hours ago (1 child)

Well, stopping launch support for the non flatpack style drives business toward the flatpack. I can only assume they make money off that somehow.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 2 points 9 hours ago

    Well, stopping launch support for the non flatpack style drives business toward the flatpack.

    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.

  • permalink
  • fedilink
  • source
  • parent