Evening Scan

Beijing trade tensions and a $40B GPU debt deal dominated. Spirit Airlines filed for bankruptcy. Crypto markets sold off.

Connected World

SpaceX reportedly in talks to borrow $40B to buy Nvidia AI chips

SpaceX is seeking to borrow $40B to buy Nvidia AI chips, one of the largest chip-financing deals on record. (Financial Times via The Next Web)

Airfares Have Spiked. Is the Death of Spirit Airlines to Blame? (paywall)

Spirit Airlines' collapse exposed the math of ultra-low-cost carriers: rising fuel and labor costs erode razor-thin margins. (NYT)

Connected World

Europe's Trade Tensions With China Are Coming to a Head (paywall)

The EU is preparing stricter measures as negotiators head to Beijing for talks on October 8-9, citing surging Chinese exports. (NYT)

Bitcoin briefly slides below $84,000 as crypto long liquidations reach $487 million (paywall)

Crypto markets declined sharply, hitting overleveraged long positions. (The Block)