SpaceX bonds fall as market worries further debt issuance will worsen credit risk metrics.

SpaceX bonds fell on Wednesday after the company reported results that beat analyst expectations but said it is investing heavily, suggesting it may take on more debt in the future. The risk premium on this aerospace and artificial intelligence company rose, and its credit derivative spreads had already widened earlier this week. As of 12:35 p.m. New York time, the spread on SpaceX's 6.6% coupon bonds maturing in 2046 widened by 0.09 percentage points to 2.64 percentage points.