SpaceX

Deutsche Bank Research has raised the price target for SpaceX from $235 to $250 and kept the rating at "Buy." Analyst Edison Yu sees stronger AI growth potential after the third quarter and considers forecasts for the coming quarters too conservative. The stock was last trading slightly down on the NASDAQ. » More on finanzen.net

Elon Musk says SpaceX has secured roughly $40 billion in financing for new AI hardware and data centers, but deal partners report that interest rates are still undecided. Musk warns that many neocloud providers are effectively shut out of the bond market, which could leave compute capacity stranded and up to $200 billion of hardware unused. SpaceX is increasingly renting GPUs and stresses diversified revenue streams from Starlink and rocket launches. » More on golem.de

Elon Musk posted that SpaceX has closed a $40bn debt package to buy GPUs and warned that lenders are cutting off firms reliant on AI data-centre revenue, predicting over 200 specialist 'neoclouds' will die or consolidate. Bloomberg reports the SpaceX debt deal had not yet priced and negotiations were ongoing. Musk pointed to sector stress illustrated by firms such as CoreWeave, whose shares and credit-default costs have fallen sharply amid investor concern. » More on theguardian.com