Allianz CIO warns: SpaceX's massive bond issuance indicates the market is in a "bubble zone."

BlockBeats news, on June 25, Allianz CIO Ludovic Subran pointed out that SpaceX swiftly issued large-scale bonds following its IPO (despite having ample cash reserves). This strong demand in the debt market reflects investors' excessive enthusiasm for high-valuation technology/AI-related assets and has entered bubble territory. Subran believes that these kinds of events signal an overheated market and overly high risk appetite, which may indicate unsustainable valuations or a potential correction.

SpaceX recently completed its IPO and issued approximately $25 billion in investment-grade bonds, mainly for repaying bridge loans and supporting AI infrastructure, despite holding over $100 billion in cash.