Today's headlines — 2026-11-05

Goldman, Apollo Seek Buyers for SpaceX's $40 Billion GPU Financing

The multi-tranche structure keeps the debt off SpaceX's balance sheet and is billed as the largest GPU financing on record

$SPCX · $GS · $NVDA · $APO

How this story unfolded:

• 2026-10-07: SpaceX reportedly seeks $40B in Apollo-led financing to fund Nvidia AI chip purchases.
• 2026-10-08: Apollo and banks are in talks to finance SpaceX's $40B GPU purchase, while Broadcom and others reportedly arrange over $110B for OpenAI and Anthropic chips.
• 2026-10-26: SpaceX officially announces a $40B GPU lease deal with Apollo, marking the largest GPU financing ever.
• 2026-10-27: Goldman Sachs participates in SpaceX financing, Meta's stock sale, and Anthropic's IPO; Pimco buys $4B of SpaceX's AI debt.
• 2026-10-28: Fitch confirms SpaceX's BBB+ rating unchanged despite the $40B GPU lease deal.
• 2026-11-05: Goldman Sachs and Apollo are in talks to sell portions of SpaceX's roughly $40B AI chip financing to Wall Street investors.

Democrats Take Congress, Tech Rallies While Data Center and Chip Stocks Slide

Midterm clarity lifted the broad market, but AI infrastructure names fell as Democrats gained ground in key data center states

$TSLA · $SPCX · $SP · $SWKS

Brent Settles Below $95 After 8.7% Slide, Lowest in Two Months

Democratic sweep of Congress lifts bets on Iran talks; Gulf exports recover to about three-quarters of pre-war levels

$CL · $XLY · $PEJ

Qualcomm CEO says Dragonfly C1000 CPU still on track to ship to Meta as scheduled

Vance Blames Iran War for GOP Loss; WTI Settles at $88.12, Down 8.3%

Democrats' Midterm Sweep Sends Cipher Mining Sliding as Data Center Bets Repriced

Microsoft Tops $4 Trillion Market Cap as Shares Jump Nearly 7% to Record

Apple jumps 7% to a record high, topping $5.1 trillion and reclaiming the world's most valuable company title

AMD Q3 revenue rises 45% to $13.4B as data center sales nearly double to $8.55B

SpaceX taps Qualcomm for nationwide US 5G network, deployments from 2027

CVS to split pharmacies from Aetna insurance; shares fall 14%

Apple trims internal AI budgets, cutting some engineers' daily cap to $200

Snap Q3 revenue of $1.72B misses estimates; DAUs at 495M fall short

AppLovin Q3 EPS of $4.30 tops estimates; shares up 13% after hours on raised Q4 sales guidance

Intel CEO Lip-Bu Tan Buys $9.71M in Stock After 31% Plunge

Qualcomm Q4 revenue tops estimates at $10.44B as handset sales fall 26%

Reuters: AstraZeneca's Rhythm Offer Reaches $134 a Share

Stripe opens stablecoin payouts to wallets in 160+ markets, excluding New York businesses

Trump Media Hits Record Low of $5.23 as Democrats Sweep Congress in Midterms

Coherent Q1 revenue hits $2.37B, beats estimates; Q2 guide tops $2.7B

MercadoLibre Q3 revenue tops estimates at $10.75B, EPS of $8.83 misses

Duolingo jumps about 33% after revenue beat and raised 2026 sales outlook

AMC Posts Record Q3 Revenue of $1.71B, Second Straight Record Quarter

Riot Sells 10,599 BTC in Q3, Holdings Fall to 2,418

Uber books 4.06 billion trips in Q3, up 16%, as driver shortages curb overseas growth

McDonald's US same-store sales slip 0.2% as bigger orders offset fewer visits

Circle Q3 revenue rises 17% to $865M, including $182M from ARC token presale

Morgan Stanley says it is live on DTCC tokenization service, discloses no scale

e.l.f. Beauty lifts FY27 outlook after 51% Q2 sales growth to $520.8M

Joby Q3 revenue hits $55M, beats estimates; raises FY26 outlook to $135M-$140M

Chime Q3 revenue hits $718M, tops estimates; lifts FY26 outlook to $2.79B-$2.80B

FIS cuts 2026 guidance below estimates; shares fall 23% in a day

MetLife Q3 adjusted revenue $19.91B in line; book value per share $30.73 misses $39.64 estimate

Expedia lifts FY26 revenue outlook to $16.37B-$16.43B after Q3 beat

Redwire Q3 revenue of $109.0M misses estimates; adjusted loss narrows to $0.06 per share

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