SpaceX priced its first-ever $25 billion bond sale on June 23, splitting it across five investment-grade tranches with maturities stretching to 2056. Proceeds are earmarked to retire a bridge facility tied to the X acquisition and xAI financing, leaving the rest for general purposes. Shares slipped in the surrounding sessions amid the larger post-IPO volatility already underway.
$SPCX - SPACEX BOND SELLOFF DEEPENS
SpaceX's $25 billion bond sale is suffering unusually steep losses, with paper losses exceeding $300 million.
Traders say fast-money investors may be exiting, while concerns over the company's valuation, long-term cash flow and heavy AI-related debt issuance are weighing on prices.
The sharp selloff is one of the weakest debuts seen in recent high-grade bond markets.
Traders are watching the longer-dated notes closely after the upsized offering drew heavy initial demand. Any sustained yield climb would signal fresh cost pressure on future capital raises.
The company’s cash pile tops $100 billion and Starlink remains the sole profitable unit, yet the bridge loan’s xAI ties have prompted open questions about how much further leverage the market will accept.
Many users slammed the SpaceX bond sale for steep losses as a ponzi scheme or toxic hype with weak execution, while a few defended the bonds as safe and praised Elon's pattern of overcoming doubters.
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Here's the yield on the company's 30-year bonds.
@DeItaone A look at today's structure below https://www.guwenwang.co.uk/t/tier1-v1-20260626-4k7sg.html
@DeItaone It was obvious. This was the biggest scam in history. Thanks @elonmusk
Here's the yield on the company's 30-year bonds.
I absolutely love this bullshit. They wanted to raise 20 million they raised 25 million. They refinanced debt at a lower rate. The company raced 85 billion, and the price of the stock is still over the IPO price. This guy post whatever he can to get some clicks. Then all the Elon haters, who study no data or actual fact, get on here and just say it’s going to fail. It is absolutely comedy hour, if you want some comedic relief this is your place.
@DeItaone Funny the news becomes so negative after they got their retail bagholders in place 🤣
@DeItaone stock should be less than $100 as they will never execute!
@DeItaone Hahaha you're getting this out today because of the Russell inclusion.
@DeItaone that sounds like a massive rollercoaster for the bond holders.
@DeItaone @sunchartist 1% is unusually steep?
@DeItaone all Investors now
@DeItaone The bond demand was huge, but weak secondary trading matters. Oversubscription does not always mean investors want to hold the paper once the market starts moving.
@DeItaone
@DeItaone Wen investmnt-grade bonds struggle like this, it tells u investors are gettin way more picky about risk
@DeItaone It seems the allure of space isn't enough to keep the wallets grounded, who knew orbiting reality could be so heavy? Isn’t it fascinating how the market keeps us on our toes?
@DeItaone SPCX is in deep trouble. Short it 50X
@DeItaone @grok what is the current yield of these bonds
@DeItaone Fast money flipping out
@DeItaone Well, you are buying bonds from a company that has paper thin interest coverage ratios with current biz.
@cps23800 @DeItaone They were saying that for Tesla, then for Twitter / X, but actually he's proving them wrong all the time 🙌🏻 next week SpacX will start to pick up again, considering that starting July 6th will be on NASDAQ 100 and QQQ and other funds and ETF's must buy SpaceX and hold, 401K too🙌🏻
