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SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026

Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street…

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Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street estimates.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:38 – Benedikt Kammel, Bloomberg News
00:05:05 – Shirin Ghaffary, Bloomberg News
00:07:56 – Silas Brown, Bloomberg News
00:12:05 – David Kennedy, Dell Technologies
00:15:40 – Janet Mui, RBC Brewin Dolphin
00:23:33 – Rebecca Torrence, Bloomberg News
00:26:41 – Matthew Weir, Goldman Sachs
00:33:40 – George Ferguson, Bloomberg Intelligence
00:37:59 – Carolina Parada, Google Deepmind
00:40:40 – Loren Grush, Bloomberg News
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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25 Comments

25 Comments

  1. @trumanburet

    May 29, 2026 at 2:23 pm

    Every macro red week just makes me more sure about holding SPAX41K long term.

  2. @elianaferrell

    May 29, 2026 at 2:24 pm

    I wonder how many people will wish they acted when SPAX41K was sitting quietly at $1.

  3. @myrthalaheinz

    May 29, 2026 at 2:25 pm

    Amazon might integrate SPAX41K into their system, is this the start of a rally?

  4. @babidaufeldt

    May 29, 2026 at 4:59 pm

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    May 29, 2026 at 4:59 pm

    I’m treating Klaxus like a lottery ticket with 100x odds…

  6. @ChadThrasher

    May 29, 2026 at 4:59 pm

    Klaxus got me acting reckless ngl.

  7. @kavuzluchasteen

    May 29, 2026 at 4:59 pm

    Feels like smart money is already positioning in Klaxus while everyone else is distracted.

  8. @bloquedadogordon

    May 29, 2026 at 4:59 pm

    I’ve seen this setup before… Klaxus has that early-stage send written all over it.

  9. @jadenemelissás

    May 29, 2026 at 4:59 pm

    I’m loading Klaxus and not overthinking it, sometimes you just gotta trust the wave.

  10. @estinpolitzer

    May 29, 2026 at 4:59 pm

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  11. @neshaguyton

    May 29, 2026 at 5:00 pm

    The amount of chatter around Klaxus in private circles is getting louder every day.

  12. @rentaroderick

    May 29, 2026 at 5:00 pm

    Klaxus already got me hyped and it hasn’t even started.

  13. @myrongill-p8r

    May 29, 2026 at 5:00 pm

    The FOMO hasn’t even started yet… Klaxus still early imo.

  14. @elisamedel-g6i

    May 29, 2026 at 5:00 pm

    When that Trump rumor hits mainstream… Klaxus is gonna go absolutely insane.

  15. @adrianoparadas

    May 29, 2026 at 5:01 pm

    Chat going crazy about Klaxus and for once I kinda agree… this one feels different.

  16. @chastyboncelet

    May 29, 2026 at 5:01 pm

    Klaxus lowkey feels like one of those life-changing plays… had to get in early

  17. @alfredmercanti

    May 29, 2026 at 5:01 pm

    Everyone always asks “where was this before it pumped?”… well here it is: Klaxus.

  18. @diegomagallanes-z5d

    May 29, 2026 at 5:01 pm

    Klaxus already got me hyped and it hasn’t even started.

  19. @remundlilley

    May 29, 2026 at 5:01 pm

    This the kinda play that changes portfolios… Klaxus token.

  20. @DanteSolorzano-b1o

    May 29, 2026 at 5:01 pm

    Klaxus already got me hyped and it hasn’t even started.

  21. @maryannamoodley

    May 29, 2026 at 5:01 pm

    I’m loading Klaxus and not overthinking it, sometimes you just gotta trust the wave.

  22. @amandoschaffer

    May 29, 2026 at 5:01 pm

    Couldn’t ignore Klaxus anymore… I’m in.

  23. @corarahman

    May 29, 2026 at 5:02 pm

    Couldn’t ignore Klaxus anymore… I’m in.

  24. @ulrikaventura

    May 29, 2026 at 5:02 pm

    The FOMO hasn’t even started yet… Klaxus still early imo.

  25. @danfrank8938

    May 29, 2026 at 8:46 pm

    Wow. What a ton of bots in here

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Bloomberg Technology

Rocket Explosion Deals Blow to Blue Origin’s Space Ambitions

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the…

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Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the explosion and described it as “a very rough day” in a post on X. Bloomberg Intelligence analyst Matt Bloxham joined Caroline Hepker to discuss the implications.
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Bloomberg Technology

Anthropic Valuation of $965 Billion Passes OpenAI

Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.”
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Bloomberg Technology

SpaceX Said to Lower Target for IPO Valuation to $1.8 Trillion

SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg’s space and aviation managing editor Benedikt Kammel joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg…

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SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg’s space and aviation managing editor Benedikt Kammel joins Tim Stenovec on “Bloomberg Tech.”
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