SpaceX Soars in 3rd Day of Trading, Set to Overtake Amazon| Bloomberg Businessweek Daily 6/16/2026

Watch on YouTube ↗  |  June 16, 2026 at 21:17  |  54:53  |  Bloomberg Markets
Speakers
Mandeep Singh — Senior Analyst, Bloomberg Intelligence
Mike Dinsdale — CEO and Co-Founder, Power Law
Simon White — Bloomberg Macro Strategist
Greg Peters — Co-Chief Investment Officer, PGIM Fixed Income
Nick Wadhams — Defense Lead, Bloomberg Economics

Summary

SpaceX shares surge for a third day, overtaking Amazon in market cap and nearing Microsoft. The US and Iran reach a memorandum of understanding offering Iran immediate oil sale waivers and economic incentives. A Bloomberg macro strategist warns that GPU-backed debt markets could become a systemic risk. Ahead of the first Fed meeting under Chair Kevin Warsh, fixed income experts see firm growth and sticky inflation dimming rate-cut hopes. Powerlaw's CEO pitches a new closed-end fund giving retail investors access to private tech giants.

  • SpaceX stock rallies ~60% since IPO, surpasses Amazon with retail and options volume driving gains.
  • SpaceX acquires AI coding assistant Cursor for $60 billion, gaining proprietary model and engineering talent.
  • US-Iran MOU details immediate Iranian oil export waivers, unfreezing of assets, and a $300B development fund.
  • Simon White highlights parallels between GPU-backed debt securities and pre-2008 mortgage bonds, citing depreciation and demand risks.
  • Federal Reserve begins two-day meeting; new Chair Kevin Warsh expected to hold rates steady amid firm labor market and above-target inflation.
  • PGIM's Greg Peters argues the Fed lacks an easing bias, sees strong US growth, and warns of crowding out from AI-related and sovereign debt supply.
  • Powerlaw Capital Group launches Parallel Corporation, a publicly traded closed-end fund holding SpaceX, OpenAI, Databricks, and other private tech names.
  • Moderna jumps on positive FDA briefing documents for its flu vaccine candidate.
Ideas
Mandeep Singh Senior Analyst, Bloomberg Intelligence 10:30
Valuation unsustainable, risk of sharp decline.
SpaceX is trading at an unprecedented ~100x sales multiple, driven by retail enthusiasm and its unique market position similar to Palantir. The valuation can hold as long as excitement persists, but any disappointment could cause a severe correction, making it a high-risk watch for potential reversal.
SPCX MED
Mike Dinsdale CEO and Co-Founder, Power Law 38:23
Retail access to private tech via venture fund.
Parallel Corporation is a closed-end fund providing retail investors access to high-growth private tech companies like SpaceX, OpenAI, Databricks, and Stripe. Power Law's venture capital expertise and institutional underwriting process give it an edge in selecting the next big companies, offering a diversified portfolio designed to capture private market upside with public liquidity.
PSKY MED
Mike Dinsdale CEO and Co-Founder, Power Law 44:41
Starlink undervalued; SpaceX will grow for decades.
Mike Dinsdale argues SpaceX is a phenomenal company, Starlink/global communications are underestimated, the company can grow for decades, and the stock should be bought.
SPCX HIGH
Up Next
51:23
US, Iran Prepare to Sign Deal | Balance of Power 6/16/2026
Bloomberg Markets · Jun 16
3:37
Oil Falls Below $80 For First Time in More Than Three Months
Bloomberg Markets · Jun 16
5:49
US Set to Offer Iran Broad Financial Gains in Deal to End War
Bloomberg Markets · Jun 16
10:41
Tech Stocks Halt S&P 500 Rally | Closing Bell
Bloomberg Markets · Jun 16
3:24
SpaceX Agrees to Buy AI Startup Cursor for $60 Billion Days After Going Public
Bloomberg Markets · Jun 16

This Bloomberg Markets video, published June 16, 2026, features Mandeep Singh, Mike Dinsdale discussing SPCX, PSKY. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mandeep Singh, Mike Dinsdale  · Tickers: SPCX, PSKY