Stocks are hot, bonds are cold! SpaceX's debut $25 billion bond issuance in the US fell short of expectations, and the trillion-dollar market cap may struggle to ease debt market concerns.

According to Zhixun Financial APP, although credit rating agencies have stated that SpaceX's qualifications are excellent and have reached investment-grade corporate standards, the bond market's attitude is much more cautious. As part of a $25 billion financing plan, SpaceX's 2036 maturity bonds were priced at a premium of 1.4 percentage points compared to US Treasuries of the same period, a spread of about 0.4 percentage points higher than the average level of similar BBB-rated bonds.