Equity Funding Squeeze Driven By AI Rally, SpaceX IPO Stretches Banks

The cost to fund US equity positions is surging unexpectedly, as a combination of the AI-driven stock rally, the massive growth of leveraged ETFs and SpaceX’s $75 billion public listing...

By Yiqin Shen, Bernard Goyder · Bloomberg Markets

The cost to fund US equity positions is surging unexpectedly, as a combination of the AI-driven stock rally, the massive growth of leveraged ETFs and SpaceX’s $75 billion public listing tests Wall Street’s market plumbing.