Analysis: Oracle has moved $66B of debt for building AI data centers off its balance sheet using SPVs; Meta has moved $30B, xAI moved $20B, and CoreWeave $2.6B
Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust
Speed running the messy interconnections of the 2008 financial crisis but with ABS and SPVs held up by graphics cards instead of houses. 🥶 — Absolutely excellent piece by @tabbykinder.bsky.social giving a broad view of the stakes of the Wall Street debt behind the AI hype www.…