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"Data centers in space" may sound like science fiction, but as the SpaceX IPO augurs a space boom, tech giants and startups are betting orbital artificial intelligence is the next frontier.

Copper rallies as the U.S. and Iran strike an interim agreement to reopen the Strait of Hormuz, easing a key risk for commodity markets. Ivanhoe Electric CEO Taylor Melvin joins "Bloomberg Open Interest" to discuss the outlook for the metal ahead of President Trump's decision on copper tariffs.

As investors pile into the space sector following SpaceX's blockbuster debut, Redwire Chairman and CEO Peter Cannito joins "Bloomberg Open Interest" to discuss the next phase of the space economy and the infrastructure needed to support it.

SpaceX extends its post-IPO rally, while airline stocks take off as the US-Iran strike an interim agreement to reopen the Strait of Hormuz. Jefferies analyst Sheila Kahyaoglu joins "Bloomberg Open Interest" to break down the latest moves in aerospace and airlines.

Bloomberg Intelligence media analyst Geetha Rangananthan says this deal makes a lot of strategic sense because it gives Fox more of a gateway into streaming.  The acquisition will create the third-largest player in the US television market by share of viewing, spanning broadcast, cable, local and streaming, the companies said. She appears on "Bloomberg Open Interest."

Just three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test. Inflation is roaring back at the fastest pace in three years. There's growing dissent among the central bank's policymakers. And investors have been dumping US Treasury bonds and piling into bets the Fed will need to start raising rates by December, defying President Trump's call to lower them instead.  We look ahead to this week's FOMC decision with Rebecca Patterson, Senior Fellow at the Council on Foreign Relations & former Chief Investment Strategist at Bridgewater Associates.

On this episode of Stock Movers with Alexis Christoforous: - Roku (ROKU) is higher while Fox (FOX) is declining on news Fox agreed to acquire Roku in a deal that values the streaming video platform at about $22 billion including debt. - United Airlines (UAL) is surging with airlines stocks up around 4% ahead of the open after the U.S. and Iran reached an interim peace deal. - Coinbase (COIN) and Robinhood (HOOD) are following Bitcoin higher amid broader risk appetite with the US-Iran interim deal.

The US Commerce Department imposed export controls on June 12 restricting Anthropic from offering its most advanced AI models to foreign nationals. In response, Anthropic announced it would halt access to these models for all users, citing the impracticality of policing usage on a case-by-case basis and noting that many of its employees are foreign nationals who would also be affected. Ed Ludlow has more on "Bloomberg Open Interest."

Nvidia is preparing to raise at least $20 billion through its first corporate bond sale since 2021, marketing bonds across seven tranches with maturities ranging from two to thirty years, according to people with direct knowledge of the matter. Ed Ludlow has more on "Bloomberg Open Interest."

The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, setting the stage for 60 days of negotiations on the fate of Tehran's nuclear program. Officials from the two countries will meet in Switzerland on June 19 to formally sign the agreement. Bloomberg's Tyler Kendall reports.

Rocket Lab President and CEO Peter Beck says attention generated by the record SpaceX IPO "is a good thing for the whole space industry," as he discusses the race to raise capital in the industry and the potential timeline for data centers in space. Beck speaks on "Bloomberg Surveillance."

Cameron Dawson, CIO at NewEdge Wealth, examines the areas of the equity markets that could see the biggest potential upswings with the announcement of an agreement between the US and Iran.