this post was submitted on 08 Nov 2026
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SpaceX Default Risk Hits Record High in Tech-Driven Credit Slump (archive.is)
submitted 1 day ago by technocrit@lemmy.dbzer0.com 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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[–] cynar@lemmy.world 21 points 11 hours ago

Just make borrowing against it "realise" it for tax purposes. You want to borrow against $100M in stock. The stock has now been realised and taxes are owed on it. It would close the massive loophole that big business and billionaires abuse to avoid paying their share.