SpaceX Weighs Tesla Merger, Signs $47.3B Nvidia Chip Lease as CDS Hits Record
SPCX sits 21% above its 52-week low of $104.83.
Summary
SpaceX and Tesla are reviewing a possible merger, with Musk endorsing the idea while analysts flag that election results could complicate regulatory approval. Separately, SpaceX committed to a five-year lease of Nvidia Rubin chips worth $47.3 billion, including a $7 billion prepayment and delivery in H1 2027; the lease cannot be paused for force majeure. Credit stress is building: five-year CDS rose 14.6 basis points to a record 284.3 on Nov. 5 amid a broad market sell-off, and shares fell 6% after local opposition to the planned Arizona AI data center over water use. The company also plans a terrestrial wireless network to rival AT&T, Verizon and T-Mobile, and is expanding computing capacity from 1.7 gigawatts in September to as much as 3 gigawatts by year-end, targeting 13 gigawatts in 2027. Financing is stacking up — a roughly $40 billion Apollo equipment lease signed in October, with Goldman and Apollo discussing sales of financing interests.
At the time of this announcement, SPCX was trading at $126.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.