SpaceX bond spreads widen, among the worst performers in high-grade bonds

Odaily News: SpaceX bonds saw their spreads widen in early trading Wednesday. The company's doubling of AI-related capital expenditures overshadowed the positive sentiment from better-than-expected quarterly results. Its bonds maturing in 2046 with a coupon of 6.60% widened by 8 basis points to 238 basis points, while its bonds maturing in 2033 with a coupon of 5.65% widened by about 9 basis points to 186 basis points.