SpaceX bonds slide ~10% below issue price, nearing junk status

SpaceX debt is trading around 10% under its issue price and is moving toward a junk-bond (sub-investment-grade) rating, according to the Financial Times headline. No further detail is available: the article body was not provided and the source page is paywalled, so the yield, issuance size, timing, and the reasons behind the price decline could not be verified. A full summary should not be generated until the underlying text is retrieved.