SpaceX ups bond sale to $25 billion after orders near $90 billion despite above-peer yields

SpaceX ($SPCX) is selling $25 billion of bonds to institutional investors, and retail buyers are still lining up even though the company is offering higher yields than similarly rated borrowers. The deal was initially set at $20 billion, but bankers increased it by $5 billion after demand surged. By about noon on Tuesday, orders were nearly $90 billion.