John Stepek

You're very welcome.

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Welcome to the Merrin Talks Money Market Wrap, where we talk about the biggest moves in markets this week and what's driving them.

I'm John Stebbick, senior reporter and author of the Moneyed Stilled newsletter, in for Merrin this week because she's away this week.

Joining me in studio is Sam Unstead, who is the editor of the Markets Today blog, which you should all be following religiously.

You can access it from the Bloomberg homepage or also from our new Bloomberg Money page, which launched this week.

Sam, thank you once again for joining us.

Thanks for having me.

Oh, there are so many things that we could talk about, but I think we will start off with SpaceX.

So we got a price now, haven't we?

Well, I know what they want to raise, what they hope they'll get.

Because one of the things that everyone's been talking about, and I think makes an awful lot of sense, and Matt Levine obviously for Bloomberg is very good on this sort of thing, is the, I guess, the amount of artificial potential demand for these shares.

Because I'm right in saying that the big indices, a lot of them, not all of them, but the big indices have largely been relaxing the entry rules for IPOs of the same size as SpaceX.

So gargantuan IPOs and things like Anthropic that are coming down the pipe will basically be able to go into big indices almost straight away or within a few weeks or even a few days of trading.

Yes, unfortunately true.