Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds

Just Days After Record IPO, SpaceX To Sell $20 Billion In Bonds Earlier this week, we showed the unprecedented pace of hyperscaler Investment Grade debt accumulation, which according to Morgan Stanley calculations had doubled in just two quarters, rising from 0.9x leverage in Q3 '25 to 1.8x currently, a pace that has already surpassed the entire energy sector's gross leverage of 1.6%.  Source We predicted that this staggering growth rate would continue increasing at a pace of over...