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SpaceX IPO Priced at $135 Amid Massive Oversubscription, Sparking Market Anticipation

SpaceX has made history with the largest IPO ever, pricing shares at $135 each and raising $75 billion. Dan Ives, Global Head of Technology Research at Wedbush Securities, discussed the overwhelming demand for the offering, which Bloomberg reports is four times oversubscribed, including $100 billion in retail orders and significant institutional interest such as a $5 billion order from BlackRock. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

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Bloomberg

PIMCO's Richard Clarida: AI Now a Major Economic Driver

Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

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