SpaceX Debut Fuels Musk Mania and Valuation Debate | Insight with Haslinda Amin 06/12/2026

Summary

Bloomberg's Insight with Haslinda Amin features a debate on the SpaceX IPO, with Founder ETFs' Michael Monahan bullish on the stock's multi-business growth story and True North Advisors' Dhruv Maniktala viewing it as priced to perfection. The show also covers Trump's Iran deal comments that boosted equities and hit oil, South Korea's AI-led equity rally, India's potential fiscal slippage, and delays in the Air India crash investigation.

• SpaceX IPO priced at $75 billion, valuing the company at $1.8 trillion, the largest IPO ever.
• Michael Monahan sees Starlink, defense, and AI data as reasons to buy SpaceX on the open.
• Dhruv Maniktala argues the stock is priced to perfection, with his firm selling private exposure.
• Trump claims a deal with Iran is imminent, pushing oil lower and lifting Asian equities.
• South Korea's Kospi surges, led by AI-related names like Samsung and SK hynix.
• India signals willingness to let its fiscal deficit widen to 4.8% of GDP on energy subsidies.
• Investigation into the Air India Boeing 787 crash is delayed pending engine examination in the US.