Elon Musk Just Claimed That "SpaceX Will Be Worth More Than Earth," but the Bond Market Strongly Disagrees
Despite Elon Musk's claim that SpaceX will be worth more than Earth, the bond market is sending a warning signal. Since SpaceX's $25 billion debt issuance in June 2026, bond prices have declined significantly, with yields rising above 7% for longer-dated maturities. This suggests bond traders lack confidence in SpaceX's ability to meet debt obligations, given the company's lack of recurring profits and capital-intensive, delay-prone operations in xAI and space infrastructure.
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