SpaceX Raises $40B in Debt for AI Chips: The AI Credit Shift
SpaceX just borrowed $40 billion to buy AI chips, and Elon Musk says it could only do it because of Starlink and launch revenue. Lenders are now separating diversified AI players from data-center-only companies, and that split could reshape the entire AI trade. Here's what it means, and what to watch when Microsoft, Alphabet, and Amazon report this week.
Meta's $64.6 Billion Quarter Hides the Real Story: The AI Race Just Started Costing More Than It Earns
Meta just posted a 26% revenue surge to $64.6 billion, yet the number that matters most went the other way. Free cash flow turned negative as AI spending outran the ad business for the first time this cycle. The Q4 math suggests the bill is about to get even bigger. So how long will investors keep paying?