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Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds
Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds
Earlier this week, we showed the unprecedented pace of hyperscaler Investment Grade debt accumulation, which according to Morgan Stanley calculations had doubled in just two quarters, rising from 0.9x leverage in Q3 '25 to 1.8x currently, a pace that has already surpassed the entire energy sector's gross leverage of 1.6%.
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We predicted that this staggering growth rate would continue increasing at a pace of over 0.3x per quarter, and moments ago we got another confirmation of the insatiable demand...
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May 31, 2026 / Tyler Durden
Israel Seizes Crusader Beaufort Castle, Marking Deepest Plunge Into Lebanon In Decades
Israel Seizes Crusader Beaufort Castle, Marking Deepest Plunge Into Lebanon In Decades
Fresh Sunday reports say that Israel's military has made its deepest plunge into Lebanon in nearly three decades, having captured a strategic crusader castle site and UNESCO World Heritage Landmark, Beaufort castle.
It was last captured in 1982, when the IDF later pushed all the way north to occupy portions of Beirut. The army posted photographic proof via its Arabic spokesperson, Avichay Adraee, who issued an image on X showing Israeli troops walking outside the castle. An Israeli flag has also...
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Jul 2, 2026 / Farzin Rahimi Zonouz
Culture, the State, and the Problem of Liberty
The modern state has become not only the guardian of political order but also the architect of cultural identity. We must separate culture from the state.
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Apr 3, 2026 / Tyler Durden
US Futures Drop Ahead Of Payrolls With Most Markets Closed
US Futures Drop Ahead Of Payrolls With Most Markets Closed
US equity futures dipped ahead of today's payrolls report in a holiday-shortened session, with most cash markets including US stocks closed globally for Good Friday. Sifma, the US financial markets trade association, recommended trading of dollar-denominated bonds during US hours only and a 12pm New York time stop. As of 8:15am, S&P and Nasdaq futures are down 0.2%. Bonds dipped modestly in a holiday-shortened session, the 10Y yield rising 1bp to 4.31%. The dollar was mixed against its Group-of-10 peers. ...
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