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00:02The cost of ensuring SpaceX debt against default hit a record-high Thursday as Democrats' election sweep raised political risks
00:10for Elon Musk's businesses, according to Benzinga.
00:13SpaceX's five-year credit default swaps climbed to 284.3 basis points.
00:19According to Bloomberg, default protection for major AI hyperscalers has become cheaper since the election.
00:25Texas Governor-elect Gina Hinojosa has promised to freeze new data center approvals, while Democratic control of Congress could bring
00:33greater scrutiny of Musk's businesses.
00:35In a post on X Wednesday, Musk wrote,
00:38Data centers in space looking pretty appealing right now.
00:41Musk warned of funding challenges for AI cloud providers, but argued SpaceX was different because of its investment-grade rating
00:48and diversified revenue, even as its default insurance costs reached record levels.
00:53Fitch maintained SpaceX's investment-grade rating following a $40 billion GPU lease commitment.
01:00For all things money, visit Benzinga.com.
