In case you're confused about what's going on with Elon Musk tanking the neoclouds, here's the timeline of everything that's happened > Oct 13: Chamath posts a chart of $CRWV bonds yielding 15%. Musk replies one word. "Yikes" > Oct 14: $CRWV falls 15.5% in one day. $NBIS -10%, $IREN -10%. Gartner warns the same day that 80% of neoclouds could disappear by 2030 > Oct 15: $CRWV credit default swaps hit a RECORD 1,100+ bps. The market is pricing a 60%+ chance they default within 5 years. Their 2031 bonds yield 16% > Oct 16: the bonds fall under 80 cents. Distressed. $CRWV down another 12%. The stock lost about 25% that week > Oct 19: Goldman upgrades $CRWV to Buy anyway. Stock does nothing > Oct 22: $NBIS raises $3.5B from Citi. It matures in ONE year. That's the kind of money still available to these guys > Oct 25: a clip of $NBIS's CEO from GTC Berlin goes around X. He admits debt markets and asset-backed financing have "temporarily dried up" > Oct 25: Musk goes in. "200+ neoclouds are going to see guppy-level death and consolidation." Says debt markets are shut for anyone without real revenue outside AI data centers. Says SpaceX just closed $40B of debt to buy GPUs because they have Starlink and launch revenue > Someone asks if he's tanking them so he can buy one cheap. Musk: "SpaceX is not buying any neoclouds. Pointless" > Sunday night: $CRWV and $NBIS down another 2.3% overnight. $IREN -2% $CRWV is down 38% in a month. $NBIS is down 33% Also worth noting - SpaceX sells AI compute too. Anthropic's deals with SpaceXAI could be worth up to $84.5B through 2029. Musk is a competitor talking about his competition and might just be trying to starve his competitors with x