Invesco’s Brill Gives SpaceX Bond a Red Card for ‘Very Sloppy’ Performance

Invesco Advisers Inc.'s head of investment-grade credit for North America criticized SpaceX's inaugural bond sale on Thursday for poor secondary market performance. The bonds experienced weakness in trading after their initial issuance. SpaceX sold its first corporate bonds in March 2023, raising approximately $1.3 billion at a 7.25% coupon rate. No additional details on the specific trading metrics or timeline were provided in the available account.

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