SpaceX bond worth 10% less than issue price – heading for junk bond status

549 points · 564 comments on HN · read original →

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SpaceX bond yields jump, sliding toward junk bond status.

What commenters are saying

Commenters note SpaceX bonds issued weeks ago are already falling. Rising rates and Iran war risk are blamed. A skeptic argues bondholders will be paid back because SpaceX can cut R&D. Another thread focuses on SpaceX's single-person governance structure with Elon Musk holding supermajority control, arguing markets are now pricing in that autocratic risk.