[Rapid Cooldown After Hype: Invesco Executive Criticizes SpaceX Bond Performance] July 3 news: According to reports, Matt Brill, Head of North American Investment Grade Credit at Invesco, criticized the performance of SpaceX's (SPCX.O) debut bond in the secondary market as being 'very chaotic,' calling it a 'very disappointing deal' and even describing it as a 'red card.' The bond, with a size of $25 billion, received nearly $90 billion in orders, but its price quickly weakened after listing, surprising market traders. Brill pointed out that this may indicate underwriting pricing deviations or insufficient participation from long-term funds (such as pension and insurance funds). He also warned that current investment-grade credit spreads are at multi-year lows, and the credit market's 'downside risks outweigh the upside potential,' leading to a reduction in concentrated allocations to the tech sector. The market believes this volatility reflects a growing gap between high demand and actual absorption capacity.