SpaceX's massive new debt is under pressure, with spreads widening and paper losses exceeding $300 million.

Jinse Finance reported that the performance of SpaceX's record-breaking bond issuance in the secondary market is rapidly deteriorating, with paper losses from the $25 billion issuance continuing to accumulate since the bonds began trading. As of Thursday's close, the widening spread relative to U.S. Treasuries has resulted in approximately $305 million in unrealized losses.
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