SpaceX's $25 billion bond offering has recorded $305 million in paper losses despite investment-grade ratings, as spreads price wider than BBB peers.

SpaceX’s $25 billion debt sale drew heavy demand, but analysts warn of capital spending, refinancing and investor concentration risks.

SpaceX's $25 billion bond offering has recorded $305 million in paper losses despite investment-grade ratings, as spreads price wider than BBB peers.