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00:02SpaceX shares remained under pressure last week, as rising credit risk overshadowed the
00:07company's wireless expansion plans.
00:09According to Benzinga, the stock closed at $162.57, below its monthly high of $176.30.
00:18SpaceX acquired more than $8 billion in nationwide low-band spectrum licenses, positioning it
00:23as a bigger competitor to telecom giants AT&T, Verizon, and T-Mobile.
00:28Starlink generated more than $4.29 billion in second quarter revenue and $1.65 billion
00:34in profits, but its expansion faces billions in infrastructure costs and competition from
00:39established telecom providers.
00:42The Financial Times reported that the company was seeking to raise $40 billion to purchase
00:46NVIDIA chips, including $10 billion in bank loans.
00:49The cost of ensuring its debt against default has climbed.
00:52With five-year credit, default swaps reaching 195 basis points Friday.
00:57Analysts expect third-quarter revenue of $12.9 billion and project 35% upside for the stock.
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01:06Components score Starlinkman.com.
