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

Summary

The video covers market reactions to a potential US-Iran ceasefire deal, which drives stocks to record highs and oil lower. It also discusses SpaceX cutting its IPO valuation, Dell's strong AI server outlook, Blue Origin's rocket explosion, and central bank policy expectations in the US, Europe, and UK.

• US and Iran reach tentative 60-day ceasefire extension, pending Trump approval.
• Global stocks hit all-time highs on geopolitical optimism; oil prices drop.
• Dell shares surge after forecasting $60 billion in AI server revenue.
• SpaceX reportedly trims IPO valuation to $1.8 trillion.
• Blue Origin's New Glenn rocket explodes during a test, a setback for the company.
• Fed's Musalem signals openness to rate hikes if inflation persists.
• ECB expected to hike in June and July; BOE likely only one hike.
• UK housing faces large shortfall against government building targets.