IREN Stock Falls as Musk Warns of Neocloud Failures, Says SpaceX Won’t Buy Them

thecryptobasic2026-10-26 12:18:51

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IREN Stock Falls as Musk Warns of Neocloud Failures, Says SpaceX Won’t Buy Them

Shares of IREN Ltd. (NASDAQ: IREN), an AI cloud and data-center operator, fell more than 4% to $23.90 in premarket trading Monday after Elon Musk warned that hundreds of specialized AI cloud providers could go out of business or be forced to merge.

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