SpaceX Default Protection Costs Remain Elevated as AI Concerns Mount
Dow Jones11-06
1137 GMT - The cost of protecting SpaceX debt against default stay high as concerns around AI-industry cause investors to become more cautious. Worries about possibly tougher regulation on the AI sector are hurting investor sentiment and have led to a selloff in tech stocks, Quilter's Stuart Clark says in a note. SpaceX credit default swap costs trade at 296 basis points, having hit that level Thursday, marking their highest on record, S&P Global Market Intelligence data show.
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