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SpaceX IPO Lures Investors Into Murky Private Deals

Bloomberg's Bailey Lipshultz reports SpaceX is expected to raise as much as $50 billion in a record-setting IPO this summer which could value it at more than $1.75 trillion. High-net-worth family offices and funds with marquee institutional backers are among the types of investors with stakes in these SPVs, and who expect to see massive gains when these companies go public. Based on conversations with more than a dozen people in the industry, many are heading for disappointment.

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Bloomberg

US and Israeli Endgames for Iran Are Diverging as War Drags On

Israeli Prime Minister Benjamin Netanyahu has made clear that when it comes to the Iran war, he's not done yet. Less clear is President Donald Trump's willingness to let the conflict drag on much longer. Michael Oren, former Israeli ambassador to the US, Said the intense military stage of the war with Iran may be followed by a protracted standoff that may look more like the Cold War than a conclusive end.

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Bloomberg

Airlines Start Raising Fares Due to Higher Oil Prices

The cost of airline tickets may jump as much as 9% as oil prices soar in the aftermath of the Iran war, according to the leading aviation industry group. "You're looking at probably an 8% or 9% increase" in airfares, Willie Walsh, director general of the International Air Transport Association, said at a conference in Lima. George Ferguson of Bloomberg Intelligence has more.

Read more: Airlines Start Raising Fares Due to Higher Oil Prices
Bloomberg

Apple's Foldable iPhone to Have iPad-Like Interface When Opened

Apple is focused on limiting the crease and improving durability for its forthcoming foldable iPhone, which will have iPad-like features when opened, according to people with knowledge of the matter. Bloomberg's Mark Gurman discusses how the devices will fit into Apple's lineup with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Read more: Apple's Foldable iPhone to Have iPad-Like Interface When Opened