PANews, citing Bloomberg, reported that SpaceX 5-year CDS spreads briefly rose to a record high of 284.3 basis points. The report linked this to the expectation that scrutiny of Musk and a potential merger between SpaceX and Tesla would be hindered following the Democratic Party's landslide victory in the midterm elections.
The Wall Street Journal reported that investors and data center operators are increasing downside hedges on AI-related stocks, bonds, and computing power prices. The cost of CDS protection for Amazon, Alphabet, Microsoft, Meta, and Oracle has risen over the past 1 month to its highest level since 2021.
