SpaceX Surges 11% In Public Debut | Open Interest 6/12/2026

Watch on YouTube ↗  |  June 12, 2026 at 17:55  |  1:29:47  |  Bloomberg Markets
Speakers
David Gura — Host, Bloomberg This Weekend
Ed Ludlow — Co-Host, Bloomberg Technology
Max Chafkin — Bloomberg Businessweek Columnist
Seema Shah — Chief Global Strategist, Principal Asset Management
Vonnie Quinn — Anchor, Bloomberg
Katie Kaminski — Chief Research Strategist, AlphaSimplex

Summary

Bloomberg's 'Open Interest' covers the historic SpaceX IPO, the largest ever at $75 billion, with shares indicated to open sharply above the $135 offer price. The debut makes Elon Musk the world's first trillionaire. The show examines the near-term cash flow from Starlink and Neo cloud, speculation of a future Tesla-SpaceX merger, and the broader impact on space and AI sectors. Concurrently, US-Iran peace deal hopes and better-than-expected consumer sentiment support risk-on sentiment, though geopolitical uncertainty persists.

  • SpaceX IPO raises $75 billion, shares indicated to open ~$165-$175 versus $135 offer price.
  • Massive institutional and retail oversubscription; Elon Musk retains 84% voting control.
  • Starlink business is cash-flow positive; data center rental to Google/Anthropic provides near-term revenue.
  • Speculation arises that Tesla and SpaceX could eventually merge to consolidate Musk's AI/space ambitions.
  • US-Iran peace negotiations create optimism for Strait of Hormuz reopening, sending oil lower.
  • University of Michigan consumer sentiment beats estimates; inflation expectations tick down.
  • Experts highlight supportive macro fundamentals and potential for continued risk-on positioning.
  • Space-linked stocks show mixed performance as investors rebalance ahead of SpaceX inclusion in major indexes.
Ideas
David Gura Host, Bloomberg This Weekend 2:18
SpaceX is the largest IPO ever with massive institutional and retail demand, no net debt, and a profitable Starlink business. The IPO will bring a wave of capital back into the space industry, making SpaceX a strong investment.
SPCX MED
David Gura Host, Bloomberg This Weekend 2:23
Space IPO lifts broader space stocks.
The SpaceX IPO spotlight will cause capital to flow back into other space names, lifting the broader space sector.
RKLB ASTS SATS LOW
Max Chafkin Bloomberg Businessweek Columnist 16:37
Tesla-SpaceX merger could lift Tesla.
Elon Musk controls both Tesla and SpaceX with similar shareholder bases. A merger could address Tesla's struggling car business by folding it into SpaceX's vertically integrated AI/space empire, potentially benefiting Tesla shareholders.
TSLA MED
Vonnie Quinn Anchor, Bloomberg 23:17
Alphabet wins from SpaceX stake.
Alphabet holds a $6 billion stake in SpaceX and directly benefits from its success, while its own AI business provides additional upside, making it a winner either way.
GOOGL LOW
Seema Shah Chief Global Strategist, Principal Asset Management 25:57
Fundamentals support risk-on positioning.
Despite geopolitical risks from the Iran conflict, the fundamental economic picture is strongly supported by AI capex and resilient consumer spending, allowing investors to remain risk-on and invest through the noise.
SPY MED
Up Next
1:17
SpaceX Shares Surge After IPO Making Musk a Trillionaire
Bloomberg Markets · Jun 12
12:42
The biggest IPO ever: SpaceX
CNBC · Jun 12
13:08
SpaceX IPO Is Troubling Sign for Markets, Chanos Says
Bloomberg Markets · Jun 12
46:31
Canada’s Economy Is ‘Dying’ As S&P 500 Heads To 16,000, Here’s When | Jim Thorne
The David Lin Report · Jun 12
37:59
Squawk Pod: The SpaceX IPO: a16z’s David George & Elon Musk’s $1T - 06/12/26 | Audio Only
CNBC · Jun 12

This Bloomberg Markets video, published June 12, 2026, features David Gura, Max Chafkin, Vonnie Quinn, Seema Shah discussing SPCX, RKLB, ASTS, SATS, TSLA, GOOGL, SPY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: David Gura, Max Chafkin, Vonnie Quinn, Seema Shah  · Tickers: SPCX, RKLB, ASTS, SATS, TSLA, GOOGL, SPY