All Eyes on SpaceX | Closing Bell

Bloomberg's Closing Bell covers the historic SpaceX IPO, broad market gains, and a notable sell-off in software stocks. Hosts discuss SpaceX’s polarizing debut, Intel’s continued surge, Roku’s M&A talks, and Adobe’s leadership turmoil that weighed on the software sector. - SpaceX completed a $75 billion IPO, shares closed up 19% on its first day. - Major US indices posted weekly gains, with the Russell 2000 outperforming. - The iShares Expanded Tech Software ETF (IGV) fell for a ninth straight day, the longest losing streak since 2006. - Adobe shares dropped 6.8% on CFO departure and ongoing leadership vacuum, overshadowing strong quarterly results. - Space-related ETF (UFO) and stocks like Virgin Galactic declined as investors rotated funds into SpaceX. - Intel extended its rally, gaining 25% for the week after a double upgrade to buy. - Roku surged 20% on reports of potential acquisition talks with a media company. - Oil slipped amid comments about a possible memorandum to end the war in Ukraine.