Nebius stock fell 5.18% to $150.52 in trading on Monday, October 26, 2026, following Elon Musk’s warning that financing was becoming harder to obtain for companies dependent on AI data centers. The quoted move was a trading snapshot, not a confirmed closing price, and extended a decline already underway before his comments.
Key Takeaways
- Nebius’s one-month share-price decline reached 32.50%; CoreWeave also traded lower.
- Musk’s warning was his assessment of financing conditions, not confirmation that Nebius had lost access to credit.
- Nebius had announced a $3.5 billion senior secured Citi facility on October 22.
Nebius stock extends losses after funding warning
The decline brought Nebius’s five-session loss to 12.38%. Fellow AI cloud provider CoreWeave fell 3.72% to $52.22 in the same market snapshot, showing that the weakness was not confined to Nebius.
In an October 25 post, Musk said debt markets had “almost entirely shut off access to money” for companies without substantial revenue independent of AI data centers. He predicted failures and consolidation among specialist AI cloud providers, often called neoclouds.
Those remarks preceded Monday’s decline, but the timing does not establish that they caused the entire move. Nebius’s longer-running selloff also means the weekend warning cannot explain all of its recent losses. Musk’s prediction should be distinguished from a confirmed finding about any individual borrower.
| Item | Details |
|---|---|
| Facility size | $3.5 billion, senior secured |
| Maturity | 364 days |
| Initial interest rate | Term SOFR plus 2.75% per annum |
| Spread adjustment | Can increase to 3.50% per annum, subject to other adjustments |
Citi facility provides near-term funding
Nebius’s October 22 financing announcement establishes that the company had recently secured another source of capital. Its senior secured financing agreement with Citi is intended to support data center development, GPU procurement and general corporate purposes.
The company described the facility as part of a sequenced funding strategy that also includes customer prepayments and operating cash flows. Chief Operating Officer Ophir Nave said Nebius retained other financing options, including asset-backed financing supported by more than $40 billion of long-term contracts with investment-grade customers.
The distinction matters: an announced facility demonstrates access to this financing, but does not settle the cost or availability of future borrowing. Its short maturity also makes it different from long-term funding. Nebius said the agreement gives it flexibility over the timing and structure of further capital raising for growth in 2027 and beyond.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
Comments
Be respectful. No spam, impersonation or private credentials. Ordinary posts and comments appear immediately; suspicious links are held for review.
Please wait…