BlokchainB

https://twiiit.com/globalmktobserv/status/2077761925505511510

nitter

The value of SpaceX’s longest-dated series of bonds shriveled to 90.7 cents on the dollar this week while their effective yield sank to a junk bond-like rate of 

This is despite bond investors lending Elon Musk’s company billions of dollars and signaling their willingness to delay principal maturity until 2056.

The 9.3% collapse ranks SpaceX’s long bonds 

 benchmark corporate notes rated US investment-grade “BBB.”

The notes’ credit spread, i.e. the extra yield lenders demand for taking idiosyncratic SpaceX risk, has worsened from 175 basis points at issuance to 231.

At the same time, the stock price of Musk’s company has also been cratering from its high and even trading below its IPO price, so it is not surprising to see the value of its bonds follow suit.

Stacker_Stocks

> The value of SpaceX’s longest-dated series of bonds shriveled to 90.7 cents on the dollar this week while their effective yield sank to a junk bond-like rate of [7.5%](https://www.zerohedge.com/markets/spacex-shares-fall-below-135-ipo-price-real-story-its-bonds).
>
> This is despite bond investors lending Elon Musk’s company billions of dollars and signaling their willingness to delay principal maturity until 2056.
>
> The 9.3% collapse ranks SpaceX’s long bonds **dead last** among [1,450](https://x.com/globalmktobserv/status/2077761925505511510) benchmark corporate notes rated US investment-grade “BBB.”
>
> The notes’ credit spread, i.e. the extra yield lenders demand for taking idiosyncratic SpaceX risk, has worsened from 175 basis points at issuance to 231.
>
> At the same time, the stock price of Musk’s company has also been cratering from its high and even trading below its IPO price, so it is not surprising to see the value of its bonds follow suit.
>
> [**...read more at protos.com**](https://protos.com/some-spacex-bonds-have-already-sunk-to-junk-like-territory/)