John Tucker

In New York, I'm John Tucker, Bloomberg Radio.

Elon Musk's company seeking to raise $75 billion.

The share sale is set for June 11th, and SpaceX is expected to begin trading the following day.

The company plans to market about 555.6 million shares for $135.

Musk is expected to keep tight control of the company with over 84% voting power.

and this should open the door to other mega IPOs for OpenAI and Anthropic.

Those firms, expected to target double-digit billion-dollar IPOs of their own, will also test the market's seemingly unquenchable thirst for anything AI.

In New York, I'm John Tucker, Bloomberg Radio.

Good morning, Karen.

Things came to a head actually on Monday when the longtime 60 Minutes correspondent confronted his new boss at an internal meeting.

Opelli questioned the qualifications of Nick Bilton, who was appointed to lead the CBS News magazine, and accused the CBS News editor-in-chief, Barry Weiss, of murdering the program.

Opelli says the leadership of 60 Minutes is no longer recognizable.

In a statement, he goes on to say CBS owner Paramount Skydance is apparently trying to curry favor with the Trump administration.

Paramount is currently seeking approval from the Trump Justice Department for its acquisition of Warner Brothers Discovery.

And in his first public remark since he was replaced as Fed chair by Kevin Warsh, Powell said if any president were free to dismiss Fed officials over policy disagreements, the central bank would lose the credibility that's needed to support a strong and stable economy.

Powell was accepting the John F. Kennedy Profile in Courage Award in Boston.

His remarks come as the Supreme Court is deciding the fate of Fed Governor Lisa Cook.

President Trump is trying to fire her over unproven mortgage fraud allegations.

A pal who endured numerous attacks by President Trump because he refused to do his bidding remains on the Defense Board of Governors.

A move, he said, in April was spurred by his concern about attacks on the central bank.