Elon Musk alleges SoftBank default on turbine orders amid rising CDS spreads
Musk’s claim that SoftBank is failing to deliver gas turbines for data centers coincides with a four‑year high in credit default swap pricing for the Japanese conglomerate.

Data: Polymarket, updated every minute. · Ends Dec 1, 2026
This market will resolve according to the value of Elon Musk's net worth on November 30, 2026.
If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.
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Resolution source: bloomberg.com/billionaires/profiles/elon-r-musk/
Musk’s claim that SoftBank is failing to deliver gas turbines for data centers coincides with a four‑year high in credit default swap pricing for the Japanese conglomerate.
Cathie Wood’s ARK funds bought 348,406 SpaceX shares worth roughly $47.4 million following a post‑election sell‑off, signaling confidence amid new congressional oversight concerns.
A high‑volume Polymarket trader profited $62,715 betting against a Republican win in Texas, while Elon Musk mocked his own $250 million political spend.
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Elon Musk poured roughly $400 million into Republican super PACs for the 2026 U.S. midterms, but 98% of the money went to candidates who were defeated, and his net worth fell $33 billion the next day.
Dogecoin reclaimed its 4‑hour 50‑EMA and is testing a descending trendline near $0.0786, while futures open interest falls and ETF inflows remain at zero since mid‑October.
KuCoin’s Head of Talent Acquisition Karina Li outlined how cross‑disciplinary skills, AI integration and structured development are reshaping Web3 careers during the Web3 Career Connect panel.