SpaceX Wants $40 Billion to Buy Nvidia Chips: Why the AI Boom Is Becoming a Financing Boom
SpaceX just pulled off the largest IPO in history, and it is already asking lenders for another $40 billion to buy Nvidia chips. The chips aren't the story. The borrowing is. When an entire build-out shifts from cash flow to credit, the price lenders charge starts setting the pace, and the first real test of that price arrives with this deal.
Dow Falls 1,100 Points as 3 Fed Dissenters Push the 30-Year Yield to 2007 Highs
Three Fed dissenters, a 30-year Treasury yield at its highest since 2007, and a 19% monthly drawdown in semiconductors dragged the Dow down 2.19% — its worst day since April 2025. Microsoft surged, Meta sank, oil jumped 7.9% on Iran escalation, and crypto punished leverage on a flat tape. Here's the full decode, plus what today's PCE and GDP prints could trigger.