SpaceX 2046 Bond Spread Widens to 2.64 Points as Aggressive Investment Stokes Debt Fears
Updated
Updated · Bloomberg · Oct 26
SpaceX 2046 Bond Spread Widens to 2.64 Points as Aggressive Investment Stokes Debt Fears
1 articles · Updated · Bloomberg · Oct 26
Summary
SpaceX’s 6.6% notes due 2046 weakened Wednesday, with the spread widening 0.09 percentage point to 2.64 percentage points by 12:35 p.m. in New York.
Results topped analysts’ estimates, but the company also signaled aggressive investment plans, prompting concern that additional borrowing may be needed.
Risk premiums on the bonds rose after SpaceX credit derivatives had already widened earlier in the week, reinforcing the market’s view of higher credit risk.