Business & Markets — October 7, 2026

SpaceX seeks $40 billion for Nvidia chips. Elon Musk's SpaceX is in talks with banks and investors to borrow $40 billion to fund Nvidia chip purchases. That's roughly the company's entire annual revenue -- the latest sign of heavy AI infrastructure spending.

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India raises rates for first time since 2023. The Reserve Bank of India raised its benchmark rate 25 basis points to 5.5%, its first hike in nearly four years; HSBC and Goldman Sachs expect another increase in December.

According to CNBC, the move comes as inflation risks build in India's economy, signaling a shift toward tighter policy after an extended pause. With two major banks forecasting a follow-up move at the December meeting, analysts appear to view this as the potential start of a tightening cycle rather than a one-off adjustment, a stance markets will test in coming weeks.

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Senators hold AI data center investments. A Forbes review of financial disclosures found 26 sitting senators hold at least $7 million in investments tied directly to the AI data center buildout.

While the review identified 26 senators with such holdings overall, the Forbes piece spotlights five lawmakers with millions each riding on the buildout. The $7 million figure is a floor based on financial disclosure filings, which report holdings in ranges rather than exact amounts, meaning the true total could be higher. The findings come as Congress weighs policy affecting the AI infrastructure sector.

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