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Investors rush into Elon Musk-SpaceX’s $25 billion bond sale despite richer-than-normal yields


Investors rush into Elon Musk-SpaceX’s $25 billion bond sale despite richer-than-normal yields

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SpaceX sold $25 billion of bonds to institutional and retail investors after demand pushed the deal up from an initial $20 billion, with bankers increasing the sale by $5 billion. The paper priced at yields above other borrowers with similar credit scores, indicating strong investor appetite for fundraising and liquidity from both big-money and retail buyers.

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SpaceX ($SPCX) is selling $25 billion of bonds to big-money investors, and retail buyers are still lining up even though the company is paying more than other borrowers with similar credit scores. Initially, the sale was planned for $20 billion, however, there was such a high demand that bankers raised the sale by $5 billion...
Read the article at CryptoPolitan

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