SpaceX Seeks $75 Billion in IPO, House Votes to Stop Iran War, More

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Bloomberg News Now 6 min 9 speakers 2 chapters transcribed 3 months ago
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Stephen Carroll 0:00
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
Caroline Hepke 0:05
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
Stephen Carroll 0:10
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
Caroline Hepke 0:15
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
Stephen Carroll 0:21
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
Caroline Hepke 0:27
And from London, I'm looking at what all that means for markets, money and the wider economy.
Stephen Carroll 0:33
We've got reporters across Europe and around the globe feeding in as stories break.
Caroline Hepke 0:37
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
Stephen Carroll 0:43
It's smart, calm and to the point.
Caroline Hepke 0:45
And it fits into your morning.
Stephen Carroll 0:46
You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.
Doug Krisner 1:01
News when you want it with Bloomberg News Now. I'm Doug Krisner. SpaceX is seeking to raise $75 billion in the largest IPO in history. According to an SEC filing, SpaceX is offering 555.6 million shares and the company sees the price of $135 each. Here is Bloomberg's Anthony Hughes.
Anthony Hughes 1:22
it appears that they're now looking at a fixed price. And I think people will speculate or wonder why they're doing that, because for most IPOs in the US, certainly large IPOs, you generally go with a range and then gauge the amount of demand out there for the offering, and then ideally price the offering at the high end of that range and potentially go above
Doug Krisner 1:45
That is Bloomberg's Anthony Hughes. Now, Elon Musk is expected to keep tight control over SpaceX with about 84.4% voting power after this IPO. Meantime, JPMorgan Chase CEO Jamie Dimon is planning to discuss the SpaceX IPO next week with the bank's high net worth clients. The Republican-led House voted tonight to halt the U.S. war with Iran. GOP representatives broke with President Trump on an unpopular foreign conflict that's taking an escalating economic toll on Americans. The 215-208 vote shows worries over the war spreading in the president's own party five months before congressional elections. The U.S. and Iran clashed overnight, with Kuwait and Bahrain caught up in the crossfire. The U.S. military said it came under missile and drone attack after striking an empty oil tanker heading to Iran.
Doug Krisner 2:39
Now, Iran targeted the main U.S. naval base in Bahrain and an air base in Kuwait. These strikes, incidentally, followed days of rising tension, including over Israel's operations against Tehran-backed Hezbollah militants in Lebanon. Separately, Secretary of State Marco Rubio said the Trump administration knew the risk of launching a war against Iran. Here is an exchange between Rubio and New York Democratic Representative Gregory Meeks.
Gregory Meeks 3:06
Did you warn President Trump that this conflict would drive up costs? The president and the full administration was aware that there would be consequences to action, but the consequences of Iran having a nuclear weapon were worse. Did you warn him that launching a war in Iran could result in the regime placing a chokehold on the state of Hormuz? All the risk factors were understood. We were prepared for any response that came out. Okay, just want to make sure.
Doug Krisner 3:29
Today, Iran's foreign minister, Abbas Arachi, told the semi-official Tasnim news agency that communication between Iran and the U.S. has not been cut off, but he added no progress has been achieved in the negotiating process. Now, there are questions over final details, including whether Tehran will allow free passage through the Strait of Hormuz, as well as the fate of Iran's stockpiles of highly enriched uranium. Now, the risk of Iran covertly pursuing nuclear weapons is higher today than before the U.S. and Israel launched their first military attacks on the Islamic Republic a year ago. That is according to new data from the International Atomic Energy Agency.

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