Nebius Stock After Musk Says Debt Markets Have Shut on…
By Tobi Opeyemi Amure
AI summary of the source article
Nebius shares fell 5.18% to $150.52 and CoreWeave dropped 3.72% after Elon Musk claimed debt markets have shut access to companies dependent on AI data center revenue, amid widening yields on neocloud debt.
Why it matters
According to Musk, "the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many."
Key facts
- Nebius fell 5.18% to $150.52, bringing its one-month loss to 32.50%, while CoreWeave fell 3.72% to $52.22.
- Elon Musk stated SpaceX closed $40 billion of debt for GPUs while claiming debt markets have shut off access to companies lacking revenue independent of AI data centers.
- Nebius took a $3.5 billion 364-day facility from Citi at SOFR plus 2.75%, citing $40 billion in customer commitments.
Source excerpt · FinanceFeeds
Nebius fell 5.18% to $150.52 on Monday after Elon Musk said debt markets have closed to companies that depend on AI data centers for revenue, a warning delivered in the same post announcing that SpaceX had raised $40 billion of its own. The Nebius stock decline takes the one-month loss to 32.50%, with CoreWeave down 3.72% to $52.22 beside it. Musk’s claim is a forecast rather than a finding, and i…