Elon Musk Warns of Neocloud Shakeout as SpaceX Closes $40 Billion Debt Deal
Musk warns most neoclouds will see “guppy-level death” as lenders grow selective.
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Musk warns most neoclouds will see “guppy-level death” as lenders grow selective.
06:08 AM — Stocks are set for a steady open ahead of the Fed decision. Verizon (VZ) earnings are in focus after SpaceX’s (SPCX) wireless plans weighed on the stock, with over a third of S&P 500 companies reporting this week.
Instacart is exploring a sale that could value the company at $16–17 billion, with preliminary talks involving DoorDash and Uber.
Analysts upgrade AST SpaceMobile to Outperform after a sharp drop. Scotiabank cites SpaceX competition but sees value in AST’s wholesale 5G model.
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