Caroline Hyde

What we see is there are a lot of companies that are using maybe their commercial non-government contracts to sort of build up initial capabilities, to build up supply chains, to start developing the relationships they need.

And then

you get one of these massive needle-moving contracts like Hadrian just announced last week with the Navy, and that can just completely accelerate a company's trajectory.

Look, I think, first and foremost, it comes down to backing the most exceptional founders.

Exceptional founders find ways to make things happen in ways you and I can only dream of.

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with Caroline Hyde in New York and Ed Ludlow in San Francisco.

Plus, space stocks on the move after reports that SpaceX aims to file a prospectus for an IPO as soon as this week.

But first, we check in on these public markets and what volatility we have experienced today.

We're at 1.2%, let's call it, on the NASDAQ 100.

NVIDIA on the lead.

We've got many of the real tech and growth names surging on hope that ceasefire talks can start between Iran and the United States, even though Iran pushes back on that Brent crude down 3.8%, Ed.

We're still above $100, but this topic front and center at this year's Hill and Valley Forum.

And Bloomberg Senior Tech Editor Mike Shepard

I'm pleased to say it has the latest for us.

Look, there seems to be caution necessary because Iran's saying, no thanks, we don't want your 15-point peace plan.