The $25 billion bond issued by SpaceX weakened, with long-term bonds leading the decline.

After raising $25 billion through the bond market, most of SpaceX's bonds weakened the following day, with long-term bonds leading the decline. Investors favored shorter-term bonds in the company's debut bond offering. According to Trace data, as of 10:25 am on Wednesday in New York, SpaceX's 30-year bonds were priced 188 basis points higher than equivalent US Treasuries, with the final pricing settling at 175 basis points higher. The price of the shortest 5-year bonds remained stable.