Bond Traders Stunned as Losses on SpaceX’s New Debt Keep Growing - Bloomberg
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- SpaceX announced a $25 billion bond offering that pushed its stock lower, with the deal joining what TheStreet dubbed the 'AI bond frenzy' (ticker: SPCX).
- Bond traders faced growing losses on SpaceX's newly issued debt, prompting Allianz's CIO to warn the sale signals markets are in 'bubble territory,' per Bloomberg and Financial Times coverage.
Why it matters: SpaceX priced $25 billion in bonds — and traders sat on immediate losses, prompting Allianz's CIO to publicly label markets 'bubble territory.' A day-one bond markdown paired with a high-profile institutional bubble warning is the clearest signal yet that the appetite for private-company debt is cracking at the margins.
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