Credit-default swaps on SpaceX begin trading after $25 billion bond sale
Credit-default swaps tied to SpaceX began actively trading after Elon Musk’s aerospace company sold high-grade bonds for the first time this week. The derivatives, which allow institutional investors to hedge against or speculate on the credit risk of the rocket and satellite manufacturer, mark a key milestone following SpaceX’s transition from a private conglomerate to a publicly traded entity less than two weeks ago.
The debut US bond offering successfully raised $25 billion, with peak investor demand reaching approximately $89 billion. The issuance was significantly oversubscribed, positioning it among the largest investment-grade debt deals in the United States this year. The newly listed shares have experienced notable volatility, with short interest recently climbing to around 13% of the float as the market prices in early public-company dynamics.
From the sources (25 posts)
@junkbondinvestSPCX IPTs out, and they came wide of the bulls: 5yr: T+140 10yr: T+165 30yr: T+200 Looks like a real concession, expect to tighten $SPCX
@rohanpaul_aiRT @rohanpaul_ai: SpaceX just announced its first investment-grade bond sale after its record $85.7B IPO last week. The company is issuing…
@financialjuiceSpaceX draws $89 bln peak demand for debut high-grade bond. $SPCX
@firstsquawkSPACEX SEES PEAK DEMAND OF $89 BILLION FOR FIRST HIGH-GRADE BOND OFFERING.
@stockmktnewzSpaceX $SPCX received peak demand of $89 Billion for its first debt offering as a public company
@wallstengineSPACEX $SPCX DRAWS $89 BILLION PEAK DEMAND FOR DEBUT HIGH-GRADE BOND
@deitaone$SPCX SPACEX SEES PEAK DEMAND OF $89B FOR FIRST HIGH-GRADE BOND OFFERING
@stocksavvyshay$SPCX reportedly saw $89B of peak demand for its planned $20B debt offering making the deal more than 4x oversubscribed. Thats a major vote of confidence from credit markets as SpaceX raises long-dated capital for the next phase of the spa
@businessSpaceX has drawn about $89 billion of demand for its debut US bond sale, according to people with knowledge of the matter, setting the stage for one of the biggest deals in the US investment-grade market this year
@deitaoneSPACEX BOND SALE DRAWS MASSIVE DEMAND SpaceX attracted roughly $89 billion of orders for its first investment-grade bond sale, one of the largest demand levels seen in the U.S. bond market this year. The company aims to raise $20 billion
@firstsquawkSPACEX BOND SALE ATTRACTS MASSIVE $89 BILLION IN DEMAND SpaceX has reportedly attracted about $89 billion of investor demand for its debut U.S. bond offering, signaling exceptionally strong appetite for the company’s debt and paving the wa
@polymarketmoneyBREAKING: $SPCX reportedly received $89B of peak demand for its first debt offering as a public company.
@junkbondinvest*SPACEX DRAWS $89 BILLION PEAK DEMAND FOR DEBUT HIGH-GRADE BOND I mean, what did you expect with that IPT? $SPCX
@techmemeSources: SpaceX, which is seeking to raise between $20B and $25B in its debut US bond sale, has drawn about $89B of demand (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@ftSpaceX tests its reality-warping powers on the bond market
@financialjuiceSpaceX files for offering of 5-Yr, 7-Yr, 10-Yr, 20-Yr, 30-Yr tenor senior unsecured notes - document. $SPCX
@financialjuiceSpaceX set to raise $25b from debut US high-grade bond sale
@wallstengineSPACEX $SPCX TO RAISE $25B FROM DEBUT US HIGH-GRADE BOND SALE
@firstsquawkSPACEX TO RAISE $25B VIA FIRST-EVER U.S. INVESTMENT-GRADE BOND SALE.
@tradfi*SPACEX'S $25 BLN BOND OFFERING ATTRACTED NEARLY $90 BLN OF ORDERS: FT $SPCX
@financialjuiceSpaceX's $25 bln bond offering attracted nearly $90 bln of orders at around noon - FT $SPCX
@ftSpaceX pitches investors juicy yields in $25bn bond deal
@firstsquawkSPACEX OFFERS INVESTORS ATTRACTIVE YIELDS IN ITS $25 BILLION BOND SALE - FT
@cnbcSpaceX raises $25 billion in debt sale less than two weeks after IPO
@bloombergtvElon Musk’s rocket, satellite and AI conglomerate is set to raise $25 billion of bonds in five parts on Tuesday, in its debut bond offer, and is paying a relatively wide premium over Treasuries to get the deal done, people familiar with the