SpaceX's credit risk index rose to a record high on Wednesday after reports surfaced that SpaceX was in talks with banks and investors to raise $40 billion to buy Nvidia chips, and bonds also fell in the secondary market. According to ICE Data Services data, the price of SpaceX's five-year credit default swap once rose by 14.5 basis points to an annualized rate of about 195.4 basis points, the highest since the company's CDS began active trading in June. Market concerns are also reflected in the secondary market for US investment-grade bonds. According to Trace data, as of 9:40 a.m. New York time, the spread for SpaceX's 6.65% coupon and bonds due in 2056 increased by 12 basis points to 238 basis points, which is significantly higher than 175 basis points when the bond was issued in June.
Zhitongcaijing · 1d ago
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SpaceX's credit risk index rose to a record high on Wednesday after reports surfaced that SpaceX was in talks with banks and investors to raise $40 billion to buy Nvidia chips, and bonds also fell in the secondary market. According to ICE Data Services data, the price of SpaceX's five-year credit default swap once rose by 14.5 basis points to an annualized rate of about 195.4 basis points, the highest since the company's CDS began active trading in June. Market concerns are also reflected in the secondary market for US investment-grade bonds. According to Trace data, as of 9:40 a.m. New York time, the spread for SpaceX's 6.65% coupon and bonds due in 2056 increased by 12 basis points to 238 basis points, which is significantly higher than 175 basis points when the bond was issued in June.
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