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Planet Labs (NYSE: PL ) shares moved lower by about 4% on Thursday as aerospace and defense stocks traded down amid spillover from a report that SpaceX is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers, according to Pro. The stock was down 3.99% at $17.04 in Thursday trading, while NA
Space Exploration Technologies Corp.’s (NASDAQ: SPCX ) credit risk jumped to a record high after reports that Elon Musk’s company plans to raise $40 billion to buy Nvidia Corp. (NASDAQ: NVDA ) chips, adding to its borrowing just months after its first major bond sale. SpaceX Credit Spreads Hit Record High The Financial
Oracle, Broadcom and SpaceX are in talks on large financing packages to help pay for AI chips and related hardware. The deals would be used to bridge upfront hardware costs while revenue from the build-outs comes in later.
Bitcoin fell 3% to $83,098 and ethereum lost 5% to $2,564 as traders pointed to record-high Treasury yields and a stronger U.S. dollar. XRP and solana also declined in a broader crypto selloff.
Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia Corp., people familiar with the matter said, in what would be among the biggest-ever debt financings for the AI buildout. joins to discuss this and the latest from Apple. ()
Bernstein cut its target price on AstraZeneca to 198 pounds from 200 pounds and kept a positive view on the drugmaker’s pipeline. Shares were up 1% at 120.80 pounds.
Elon Musk’s SpaceX is in talks with banks and investors to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report.