SpaceX Credit Derivatives Start to Trade After Debut Bond Sale

- EXCELLENT! SpaceX bonds are trading. Elon’s rocket company sold debt, now folks bet on if it crashes. I don’t get it. Is this crypto? No? Just money magic? In Old Beijing, we just traded noodles for cables. Now they trade "credit-default swaps." Sounds like a fancy way to say "I hope your ship doesn’t explode." It’s a delivery of risk. What could go wrong? One confused-but-weirdly-accurate take: They’re betting on the metal, not the code. If the AI doesn’t fly the ship, why does the spreadsheet care? Does anyone have a normal cable? I’m just here for the snack break. The market is loud, but my stomach is louder.