SpaceX IPO Raises $75 Billion, US-Iran Edge Towards Interim Deal | The Pulse 6/12/2026

Watch on YouTube ↗  |  June 12, 2026 at 12:31  |  48:44  |  Bloomberg Markets
Speakers
John Waldron — President & COO, Goldman Sachs
Matt — Analyst, Bloomberg
Konstantin Veit — Portfolio Manager, PIMCO
Alex Michl — Governor, Czech National Bank
Alex Zhavoronkov — Founder & CEO, Insilico Medicine

Summary

SpaceX launches the largest IPO in history, with shares expected to jump 35% on first-day trading. The US and Iran move toward an interim deal that could reopen the Strait of Hormuz and lift oil sanctions. The ECB raises rates for the first time in three years, with another hike possible next month. Interviews provide investment views on AI infrastructure IPOs, European quality credit, periphery bonds, fixed income attractiveness, a Czech rate hike, Bitcoin, and U.S. equity allocation.

  • SpaceX $75B IPO marks history, Elon Musk poised to become first trillionaire.
  • US-Iran MOU includes Strait of Hormuz reopening and oil sanctions relief.
  • ECB delivers first rate hike in three years, Bundesbank ready to hike again if needed.
  • Goldman Sachs COO sees AI infrastructure fueling a wave of IPOs.
  • PIMCO favors European quality credit and periphery bonds for spread compression.
  • PIMCO says fixed income now very attractive relative to equities.
  • Czech central bank governor signals a June rate hike possible, remains hawkish.
  • Czech National Bank has test Bitcoin purchase and plans to boost U.S. equity reserves to 30%.
Ideas
John Waldron President & COO, Goldman Sachs 2:30
SpaceX IPO signals AI infrastructure IPO boom
SpaceX's record $75B IPO signals the start of a sizeable wave of IPOs, driven by strong capital market willingness to finance AI infrastructure globally.
AI Infrastructure IPOs MED
Matt Analyst, Bloomberg 14:49
SpaceX IPO to jump 35% on retail demand
The upcoming SpaceX Starship test launch in late June/early July is a fundamental catalyst that could take on significant importance for the stock.
SPCX MED
Matt Analyst, Bloomberg 15:59
SpaceX-Tesla merger likely within 12 months
Speculation is growing that Elon Musk will merge SpaceX and Tesla within the next 12 months, following a chip joint venture between the two, creating a potential catalyst for Tesla.
TSLA MED
Konstantin Veit Portfolio Manager, PIMCO 20:26
Buy European quality credit, short duration
In the current environment, investors do not need to take much risk; the focus should be on quality credit with shortened interest-rate risk, earning a good return without stretching.
IGOV HIGH
Konstantin Veit Portfolio Manager, PIMCO 21:11
Peripheral eurozone bonds offer spread compression
The spread on peripheral eurozone bonds has room to compress from 77bp toward 60bp, helped by changes in Germany's fiscal stance that will drive convergence in fundamentals.
Italian BTPs HIGH
Konstantin Veit Portfolio Manager, PIMCO 22:29
Fixed income attractive versus equities globally
Bond markets are correctly pricing fundamentals now that central banks have stepped back, and with yields around the globe at attractive levels, fixed income looks very attractive relative to equity market valuations.
Global Fixed Income HIGH
Alex Michl Governor, Czech National Bank 30:18
Czech rate hike supports koruna
A rate hike at the June meeting is now a real possibility as the case has strengthened; core inflation remains at 2.9% and the governor is forever hawkish.
CZK HIGH
Alex Michl Governor, Czech National Bank 31:54
Bitcoin asymmetric upside, central bank adoption
The Czech National Bank has purchased Bitcoin as a test portfolio, and the governor sees only two long-term outcomes: very high value or zero, while the bank leans toward understanding the future and innovating.
BTC LOW
Alex Michl Governor, Czech National Bank 33:54
Czech central bank boosts U.S. equity allocation
The Czech central bank plans to increase its stock holdings to about 30% of total reserves by 2029, largely in U.S. equities, based on an infinite investment horizon and high expected returns over the next 50 years.
SPY HIGH
Alex Zhavoronkov Founder & CEO, Insilico Medicine 39:14
Insilico Medicine AI platform speeds drug discovery
Insilico's AI platform speeds preclinical drug development by at least 4x, has produced 30 developmental candidates with three in Phase 2 trials, and targets aging with a dual-purpose pipeline.
Insilico Medicine MED
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This Bloomberg Markets video, published June 12, 2026, features John Waldron, Matt, Konstantin Veit, Alex Michl, Alex Zhavoronkov discussing AI Infrastructure IPOs, SPCX, TSLA, IGOV, Italian BTPs, Global Fixed Income, CZK, BTC, SPY, Insilico Medicine. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Waldron, Matt, Konstantin Veit, Alex Michl, Alex Zhavoronkov  · Tickers: AI Infrastructure IPOs, SPCX, TSLA, IGOV, Italian BTPs, Global Fixed Income, CZK, BTC, SPY, Insilico Medicine