SpaceX's massive new debt under pressure, with widening spreads leading to mark-to-market losses exceeding $300 million

Odaily: SpaceX's record-sized bond issuance is rapidly deteriorating in the secondary market. Since the bonds began trading, book losses from the $25 billion issuance have continued to accumulate. As of Thursday's close, the widening spread relative to U.S. Treasuries has resulted in approximately $305 million in unrealized mark-to-market losses.