SpaceX IPO Debuts; US-Iran Deal Nears

SpaceX IPO Debuts; US-Iran Deal Nears

From Bloomberg Daybreak: US Edition by Bloomberg

June 12, 2026 · 24 min

About this episode

The episode discusses the SpaceX IPO and the nearing US-Iran deal, along with the economic impact of the NBA finals.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz, according to senior officials. A deal is likely to take the form of a memorandum of understanding, and Geneva is being considered as a potential location for the signing. An Iranian foreign ministry spokesman said "we have not yet reached a conclusion on this matter", despite reports of progress toward ending the war. 2) SpaceX made history with a $75 billion IPO and now needs the market's validation of its ambition to dominate AI and carry humans to the moon and Mars. The company's IPO was more than four times oversubscribed, and indications are that SpaceX shares could open with a pop of at least 35% on its first day of trading. The trading will determine whether Elon Musk becomes the world's first trillionaire and will also affect the prospects for initial public offerings from SpaceX's AI rivals Anthropic PBC and OpenAI. 3) The New York Knicks are on the cusp of winning the NBA finals, and SpaceX is poised to go public in the biggest IPO in history. The NBA finals have had a significant economic impact, with…

Topics covered

  • SpaceX IPO
  • US-Iran relations
  • NBA finals
  • AI market
  • economic impact

Keywords

  • SpaceX
  • IPO
  • US-Iran deal
  • NBA finals
  • Elon Musk
  • AI
  • market impact

Mentioned in this episode

Organizations: SpaceX, US, Iran, Anthropic PBC, OpenAI, New York Knicks

Places: Strait of Hormuz, Geneva

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