SpaceX credit derivatives start to trade after debut bond sale (opens original article in a new tab)

SpaceX credit derivatives started trading following its debut bond sale, with investors using them to hedge against default risks. The company's 10-year notes traded at a 1.57 percentage point spread on Thursday.

• SpaceX credit derivatives began trading after the company's first bond sale
• Credit-default swaps allow investors to hedge against SpaceX defaulting on debt
• SpaceX's 10-year notes traded at 1.57 percentage point spread on Thursday