SpaceX Bond Spreads Widen Sharply as AI Capex Doubles

SpaceX bond spreads widen to 238bps and 186bps despite strong earnings, as doubled AI capital expenditures overshadow positive quarterly results in early trading.

Woofun AI reports that SpaceX bond spreads widened in early Wednesday trading, with the 2046 maturity coupon of 6.60% rising by 8 basis points to 238 basis points. The 2033 maturity coupon of 5.65% also expanded by approximately 9 basis points to 186 basis points.

This negative price action occurred despite better-than-expected quarterly results, as the company’s decision to double AI-related capital expenditures overshadowed the positive earnings sentiment among investors.