SpaceX Prices IPO Shares in Biggest Debut Ever | The Close 6/11/2026

Watch on YouTube ↗  |  June 11, 2026 at 22:23  |  1:45:06  |  Bloomberg Markets
Speakers
John Bolton — Former US National Security Advisor / Ambassador
Dan Ives — Managing Director, Wedbush Securities
Nell Minow — Chair, ValueEdge Advisors; former President of ISS
Gil Luria — Technology Strategist at D.A. Davidson
Paul Fipps — President of Global Customer Operations, ServiceNow
Liz Young Thomas — Head of Investment Strategy, SoFi
Richard Clarida — Global Economic Advisor, PIMCO; former Fed Vice Chair
Sitara Sundar — Global Investment Specialist, J.P. Morgan Private Bank
Romaine Bostick — Anchor, Bloomberg

Summary

SpaceX prices its record $75 billion IPO at $135 per share, sparking debate over valuation, governance, and AI prospects. Markets rally on Trump's announcement of an Iran peace deal and opening of the Strait of Hormuz. PIMCO flags a turning private credit cycle and massive AI capex needs. Guests argue SpaceX as a must-own growth/AI story versus a governance nightmare to avoid. Adobe beats earnings but faces C-suite upheaval, while ServiceNow defends its AI relevance and SoFi sees the bull run continuing.

  • SpaceX IPO priced at $135, raising $75B, market value near $1.8 trillion, begins trading Friday.
  • President Trump announces Iran deal to end war and open Strait of Hormuz, triggering equity rally and oil drop.
  • PIMCO's Richard Clarida sees credit cycle turning in private direct lending and forecasts $2T/year AI infrastructure spending.
  • Gabelli's John Belton calls SpaceX ultimate growth stock anchored by profitable Starlink and AI moon shots.
  • Wedbush's Dan Ives says buy SpaceX for the Musk factor and AI data center opportunity.
  • ValueEdge's Nell Minow urges avoiding SpaceX due to CEO-for-life structure, super-votes, and insider deals.
  • D.A. Davidson's Gil Luria defends Adobe: beat-and-raise quarter, not doomed by AI, unduly punished.
  • SoFi's Liz Thomas argues equity bull run has further to go after AI pullback proves to be rotation, not a bear turn.
Ideas
John Bolton Former US National Security Advisor / Ambassador 23:34
SpaceX ultimate growth stock unlimited potential
SpaceX is the ultimate growth stock with Starlink providing a $7.5 billion high-growth profitable business and an AI/data center moonshot. Tesla is the best public market comp: an established profitable base plus transformative optionality. The long-term growth runway is potentially unlimited.
SPCX HIGH
Paul Fipps President of Global Customer Operations, ServiceNow 31:14
ServiceNow thrives as AI management layer
ServiceNow is not seeing the software disruption fear in its customer base. Customers are using AI to drive differentiation on top of their existing enterprise platforms, not rewriting them. ServiceNow's workflow layer will be used by humans and agents alike, and marquee customers like Standard Chartered are seeing massive efficiency gains.
NOW MED
Liz Young Thomas Head of Investment Strategy, SoFi 51:56
Equity bull run has more room
The equity bull run since the ChatGPT trigger still has room to run. We haven't reached ridiculous excess, and the fundamental story is intact. The recent pullback in AI was a rotation, not a risk-off shift, and the geopolitics easing removes growth risks, setting up further upside.
SPY MED
Gil Luria Technology Strategist at D.A. Davidson 72:44
Adobe strong quarter not doomed by AI
Adobe's quarter was good with a beat and raise. It has decelerated less than 80% of software peers over the years. Adobe's products are a management layer for marketing campaigns that will be used by both humans and AI agents, not made obsolete by AI. The selloff is overdone.
ADBE HIGH
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This Bloomberg Markets video, published June 11, 2026, features John Bolton, Paul Fipps, Liz Young Thomas, Gil Luria discussing SPCX, NOW, SPY, ADBE. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Bolton, Paul Fipps, Liz Young Thomas, Gil Luria  · Tickers: SPCX, NOW, SPY, ADBE