00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tech companies are raising large amounts of equity,
00:05sparking concerns among some bond investors that the moves point to heavier spending and more
00:10borrowing. Alphabet sold $85 billion of stock this month, while SpaceX completed a record $75
00:17billion IPO. OpenAI is considering an IPO as soon as next year, and Meta is weighing an equity raise.
00:27Investors said the stock sales strengthen balance sheets, but may also signal rising
00:31capital expenditures tied to AI and data centers. SpaceX bonds weakened after trading began Wednesday,
00:38while Alphabet's bonds also softened after its equity sale. JP Morgan now expects $5.5 trillion
00:45of AI and data center spending through 2030, with $2.1 trillion of data center financing
00:51expected in high-grade bond markets over the next five years.
00:54For all things money, visit Benzinga.com.
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