this post was submitted on 08 Nov 2026
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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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[–] empireOfLove2@lemmy.dbzer0.com 21 points 22 hours ago* (last edited 22 hours ago) (3 children)

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.

[–] jaykrown@lemmy.world 1 points 4 hours ago

That'd be pretty funny considering that Democrats will control the house and senate.

[–] LastYearsIrritant@sopuli.xyz 3 points 9 hours ago

Any bailout should come with two big conditions.

1 - spin it back off into its own company - rockets one company, telecom one company, everything else can go fuck off.

2 - elon has to sell off all stakes in the rocket company.

[–] Jason2357@lemmy.ca 32 points 22 hours ago (1 children)
[–] trojanbark@lemmy.world 18 points 21 hours ago

It makes sense. The Americans' space program started with Nazi scientists, so now they can continue with a Nazi businessman.