JetBlue Creditors Hire Restructuring Advisers as Bonds Plunge to 42 Cents
JetBlue’s $2 billion bonds crashed to 42 cents, prompting senior creditors to hire restructuring advisers.
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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.
Instacart in Preliminary Talks for Potential Sale, DoorDash and Uber Involved
Instacart is exploring a sale that could value the company at $16–17 billion, with preliminary talks involving DoorDash and Uber.
SpaceX Targets 80,000 Cell Sites in Push to Become Fourth U.S. Carrier
Major carriers traded lower after Bloomberg reported SpaceX is seeking access to 80,000 cell sites for a fourth wireless network.
Navy Stops Buying Aevex Autonomous Speedboats Over Performance Shortfalls
U.S. Navy stops new purchases of Aevex GARC speedboats citing hardware issues and cheaper alternatives after $136.8 million in spending.
Muse Outpaces ChatGPT in Early Retention as Meta’s AI Agent Gains Traction
Meta’s Muse AI agent has reached 10.9 million downloads since September, with strong US growth and better retention than ChatGPT.