"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off

SpaceX's first post-IPO investment-grade bond, issued just days after its public debut with a low-IG rating, has seen unprecedented investor interest, with orders surging to nearly four times the offering size. This $25 billion bond, which was upsized from $20 billion, received roughly $90 billion in bids, highlighting a remarkable demand that left bond traders astonished. This surge in interest underscores SpaceX's growing market clout and investor confidence in its ambitious goals, suggesting that the company is well-positioned to capitalize on its expanding opportunities in space technology and beyond.