EconomyStock Rally Fades as Oil Rises; SpaceX in Talks to Buy Nvidia Chips

Name: Stock Rally Fades as Oil Rises; SpaceX in Talks to Buy Nvidia Chips
Uploaded: 2026-10-07T12:02:11.000Z
Description: US equity futures slipped after the S&P 500 set a record, while oil climbed as traders assessed reports of increased Iranian attacks on vessels in the Strait of Hormuz. SpaceX is reportedly discussing a $40 billion fundraising with banks and investors to buy Nvidia chips, potentially one of the largest debt financings for AI development.

US equity futures slipped after the S&P 500 set a record, while oil climbed as traders assessed reports of increased Iranian attacks on vessels in the Strait of Hormuz. SpaceX is reportedly discussing a $40 billion fundraising with banks and investors to buy Nvidia chips, potentially one of the largest debt financings for AI development.

Bloomberg Television 2026-10-07 12:02