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While the new bonds of SpaceX are under strong pressure, Tarek El-Rifai, CEO of the Corum Center for Strategic Studies, confirmed that there are several key factors increasing the pressure on SpaceX bonds.

He added in an interview with Al Arabiya Business that among the most prominent factors is the concentration of selling in long-term bonds, which many investors have shunned.

"Google" restricts "Meta" use of "Gemini" as demand exceeds capacity.

He continued: Some of these pressures are due to short-term investors who entered aiming for quick profit, before heading to sell.

It is noted that SpaceX's new bonds are under strong pressure in the secondary market, days after a massive $25 billion issuance, as the company's shares prepare for a potential buying wave with its upcoming inclusion in the Nasdaq 100 index before trading begins on July 7.

According to Bloomberg, some of the company's bonds maturing in 2056 were priced at a yield spread about 0.32 percentage points higher than the issuance level, which was 1.75 percentage points above US Treasury bonds.

The widening yield spread indicates that investors are demanding a higher return to hold SpaceX bonds, reflecting an increased risk premium and a reassessment of debt pricing.

Since trading began, paper losses on the issuance have amounted to about $305 million compared to US Treasury bonds, with pressure concentrated in long-term bonds that faced greater reservations from investors.

The company intends to use the issuance proceeds to repay a loan it obtained after merging xAI and the X platform into the rocket company, as the technology bond market experiences a wave of large issuances related to investment in artificial intelligence.

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