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.
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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.
Tesla will wind down Cybertruck output at its Texas Gigafactory in mid‑2027, reallocating capacity to the two‑seat Cybercab robotaxi as the company pivots toward autonomous services.
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.
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.
After sweeping the 2026 midterms, Democratic leaders warned that Trump‑related businesses and major tech CEOs will face congressional subpoenas and investigations.
Democrats taking control of Congress and winning the Texas governor’s race have sparked investor concerns, pushing SpaceX and Tesla shares lower as regulatory scrutiny looms.
OpenAI CEO Sam Altman’s claim that idle home‑computer memory should be reallocated to AI data centers sparked ridicule from Elon Musk and blockchain figures, highlighting a broader hardware‑supply tension.
Following the largest crypto theft on record, Binance co‑founder Changpeng Zhao publicly urged Elon Musk to cease mocking the exchange, highlighting Binance’s $1 billion‑plus SpaceX share holding.
Musk cautioned that superintelligent AI could use crypto systems to fund themselves, citing the recent Binance hack where stolen USDT was used as collateral on Aave.