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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