RBA hints at rate hike; NextDC’s $2b crash in data centre fight; SpaceX + Tesla

Thursday 22 October 2026

The Reserve Bank hints at another rate hike on Melbourne Cup Day. 

• Shares in Australia’s biggest pure data centre play, NextDC, crash after community opposition halts a new development in Victoria
• Prime Minister Anthony Albanese urges federal MPs to take greater care over their safety
• Another private credit player freezes redemptions
• Elon Musk floats the idea of merging SpaceX and Tesla into a $4 trillion company

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