SpaceX bonds plummet in the secondary market According to a report by Golden Finance, on June 26th, according to Bloomberg, after SpaceX's bond issuance caused a sensation in the market, its bonds quickly weakened in the secondary market, causing many traders to point out that they can hardly recall any recent transactions that have seen such a drastic widening of interest spreads. People familiar with the matter said that in private transactions in the over-the-counter market, a large dealer quoted a price for SpaceX bonds due in 2056, which was up to 0.28 percentage points higher than the interest margin of 1.75 percentage points higher than the US treasury bond bonds when they were issued. Since the beginning of the transaction, the book loss of SpaceX's $25 billion bond has been continuously expanding. As of late Thursday, the total related losses were about $305 million, calculated relative to US treasury bond bonds. The SpaceX bond with the longest maturity has been questioned more than the short-term bond, and now it has effectively erased all the margin narrowing pushed by underwriters after the subscription scale expanded to nearly $90 billion. Traders say that these trends indicate that the influx of traders may mainly be "fast money" accounts seeking short-term profits and quickly changing hands, rather than traditional buy and hold investors.