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

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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.

Today's guest: Ankita Amajuri, Pantheon Macroeconomics, Europe Economist. (Source: Bloomberg)

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