SpaceX bonds are creating losses for the fast-money types who piled in at the offering. “Bond types either aren’t sure that SpaceX will hang on to its investment-grade credit ratings, or will only get involved if they get paid a fat risk premium for doing so,” the Financial Times explains. SpaceX stock is, as of this writing, trading below its IPO price. Gee, if only someone had pointed out that this company is a stinker. [Link: SpaceX hangover spreads | https://www.ft.com/content/6a13a108-ef3e-41b5-aaba-7f61eff61ae0 | Financial Times]

SpaceX shares rebounded Tuesday, halting a three-day slump that saw over $600 billion vanish from its valuation. The stock climbed significantly after a brief dip below its IPO…

Allianz CIO warns that SpaceX's bond sale signals bubble territory, raising concerns about stretched valuations in private tech and broader risk markets.

By William Gavin and Joy Wiltermuth