- 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
Yes, let’s blame all of that on the elections… They had shit bond yields before that already, it just got worse.
“Companies have been reckless doing whatever the hell they wanted but now with the smallest amount of scrutiny everyone panics”
Tells me you don’t have a strong business then.
If there’s one thing the response to the 2008 Crash taught the people which have most of the money is that governments can and will have the general population endure massive pain in order to save the value of the Assets of the billionaires (and thus their wealth) and people won’t do jack shit about it beyond a few demonstrations where they peacefully complain and still get assaulted by some of the most violent and sadistic pigs around.
So I expect this is entirelly about a change in the expectations of how likely public money is going to be used to save AI “investors” and AI companies (all that paid with Austerity for the riff-raff) from all the reckless done by those companies and not at all about those with all the money suddenly discovering that the industry was reckless - I’m pretty sure they were well aware of that already.
Smallest amount of scrutiny that hasn’t even happened yet and isn’t even guaranteed if Jeffries and Schumer get in the way
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).