Allianz CIO Ludovic Subran says SpaceX's $25B bond sale, which drew nearly $90B in orders, signals markets have entered bubble territory.

SpaceX attracted $89 billion in orders for its first investment-grade bond sale, seeking to raise up to $25 billion to refinance a bridge loan from its IPO.

SpaceX is witnessing immense investor interest, with demand reaching approximately $89 billion for its inaugural US bond sale. The company, led by Elon Musk, aims to raise between…