News about Jim Chanos

SpaceX reports earnings after the close on Oct. 20, and short seller Jim Chanos says it will be the largest global neocloud starting in 2027. In 2025, capital spending reached $20.9 billion against $6.8 billion of operating cash flow, leaving free cash flow at negative $14.1 billion. Total debt rose to $24.5 billion from $15.4 billion a year earlier, and reports say SpaceX is seeking $40 billion more to buy Nvidia chips. The article argues that Starlink's profits give SpaceX a cushion CoreWeave lacks, but says credit market worries will persist until the compute business starts paying its own way.