"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off
6 Articles
6 Articles
The biggest stock market of all time has not been enough and SpaceX has now made the leap to the bond market. Elon Musk's company has received orders for nearly $90 billion for its bond issue, but it is not financed at the price of Nvidia. It has placed 25 billion with investment grade and coupons ranging from 5.35% to 6.65%. At the expiration of 2031, the most comparable tranche, SpaceX will pay 5.35 percent, compared to 4.60 percent that Nvidi…
"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off
"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off Media reports earlier this week about SpaceX's inaugural post-IPO investment-grade bond (and we mean inaugural, as the company rushed to tap the corporate bond market just days after going public with a low-IG rating of Baa1/BBB) which priced on Tuesday, had it as almost 4x oversubscribed, at roughly $90BN in orders for the $25 billion offering (upsized from $20 …
The Perfect Storm: SpaceX Bond Traders Stunned As $305 Million Vanishes In Days - SpaceX (NASDAQ:SPCX)
SpaceX bond traders face a "perfect storm" as $305M vanishes in days following an unprecedented investment-grade debt sell-off, while Polymarket bets stay bullish.
The historic issue of SpaceX bonds is deteriorating so rapidly in the secondary market that operators claim not to remember another recent placement whose spreads have expanded so quickly. A major intermediary listed SpaceX bonds to 2056 with differentials of up to 0.28 percentage points above the issuing price, set at 1.75 percentage points on US Treasury bonds, according to sources who asked not to be identified as being private operations in …
Rocket Lab's $3B Dilution and SpaceX's $25B Bond Create a Perfect Storm — Even a Record 17-Hour Launch Can't Save the Stock
The space sector is experiencing a brutal capital reallocation as Elon Musk’s SpaceX towers over rivals with a jumbo debt offering that swelled to $25 billion on overwhelming demand. For Rocket Lab, the fallout has been visceral: shares tumbled more than 22% over the past week to close at €72.70 — a staggering 46% below […] The post Rocket Lab’s $3B Dilution and SpaceX’s $25B Bond Create a Perfect Storm — Even a Record 17-Hour Launch Can’t Save …
Large corporate bonds issued by Elon Musk's SpaceX have plummeted in value in the secondary market, surprising market participants.
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