SpaceX Debt Is ‘Biggest Rising Star of All Time,’ Marathon’s Richards Says

Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.

By Katherine Schwartz, Matthew Miller · Bloomberg Markets

Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.