SpaceX $25 Billion Bond Deal, Micron Earnings & UK Political Crisis Explained

SpaceX raised $86 billion in its IPO then borrowed another $25 billion from the bond markets days later. Anthony Cheung and Piers Curran break down the financial engineering behind the deal, what a BAA1 credit rating means, and why Elon Musk is playing a completely different game to everyone else.Micron just posted EBITDA up 15x year-on-year with gross margins jumping from 39% to 85%. We unpack what that tells us about who's really winning the AI race and why it's no longer the Mag 7.Finally, Keir Starmer is out. UK gilt yields broke above 5% for the first time in decades before falling back sharply. We explain why markets rallied on the news and what Andy Burnham as Prime Minister means for U.K. bond markets.(00:00) Introduction(00:22) SpaceX Post-IPO Sell-Off(05:15) Mag 7 vs Semiconductors(12:27) Oil, Iran & the Fed's Hawkish Turn(15:45) Micron's Blowout Earnings(22:18) SpaceX's $25bn Bond Deal Explained(31:29) Keir Starmer Resigns UK Market Reaction