SpaceX Cuts IPO Valuation By $200 Billion | Daybreak Europe 05/29/2026

Bloomberg Bloomberg — 47min

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead.

Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.

And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut.

The US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program, a person with knowledge of the matter said, raising hopes the three-month conflict could be nearing a resolution.

And Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX.

Today's guest: Ankita Amajuri, Pantheon Macroeconomics, Europe Economist.

Chapters:
00:00:00 - Daybreak Europe
00:02:00 - US, Iran Agree to 60-Day Truce Renewal Pending Trump Signoff
00:06:46 - Stocks Rise to Record, Oil Drops on Iran Optimism
00:13:21 - Blue Origin’s New Glenn Rocket Explodes on Florida Launchpad
00:16:03 - Dell Soars on Raised Outlook for $60 Billion in AI Servers
00:19:44 - Anthropic Raises at $965 Billion Valuation, Eclipsing OpenAI
00:27:48 - Europe Inflation Watch
00:35:28 - Ankita Amajuri, Pantheon Macroeconomics, Europe Economist
00:39:56 - SpaceX Said to Cut IPO Valuation Goal to at Least $1.8 Trillion
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