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SpaceX Wants Fee Cut From Bankers Chasing $500 Million Windfall

Elon Musk's SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO but banks are still likely to rake in about $500 million from the record-setting market debut. Musk's space and artificial-intelligence conglomerate is negotiating to pay less than 0.75% for the $75 billion it aims to drum up in an initial public offering this month, according to people with knowledge of the matter. Even at that low spread, it will likely amount to one of the biggest fee events ever for Wall Street firms that arrange public listings. The lead banks  Goldman Sachs Group Inc. and Morgan Stanley  are positioned to take in a bigger share of the fee pool than the other 21 brokers involved. For more, we speak with Sri Natarajan, Chief Wall Street Correspondent for Bloomberg News.

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Bloomberg

Alphabet's Equity Pivot is Boost to Hyperscaler Credit

Google parent Alphabet Inc. is raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway Inc., to help fund ambitious and growing artificial intelligence spending plans. Ted Mortonson, Managing Director: Technology at Baird, discusses this offering, the historic AI infrastructure buildout, and the companies powering the current tech cycle.

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Bloomberg

Collector Cars Enter a New Era

Hagerty Chairman and CEO McKeel Hagerty joined Bloomberg Open Interest to explain how the company transformed from a niche insurance provider into a collector-car empire powered by media, memberships, and auctions. He discusses the coming $570 billion wealth transfer in collector vehicles, the surge in Ferrari values, and why electric vehicles could become the next sought-after collectible.

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Bloomberg

Google's $80B AI Power Move

Alphabet's surprise $80 billion capital raise sparked debate, but Jefferies Equity Research Analyst Brent Thill says it's a power move, not a rescue mission. He joins Bloomberg Open Interest to explain why Google is racing ahead of potential OpenAI, Anthropic and SpaceX IPOs, why AI spending could exceed $1 trillion annually and how the AI boom could fundamentally reshape corporate hiring and investment decisions.

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Bloomberg

CEO Predicts Enterprise AI Surge

MongoDB CEO CJ Desai joined Bloomberg Open Interest to break down how AI could become a massive growth driver for the company. He says that every AI application needs a scalable data layer and reveals that his software company added 2,500 customers last quarter while targeting thousands more in the year ahead.

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Bloomberg

Private Credit Eyes EasyJet Takeover

EasyJet's rejection of a reported Castlelake takeover approach sparks a bigger debate: Are UK-listed companies undervalued? Bloomberg's Silas Brown joins Bloomberg Open Interest to explain why a private credit giant is interested in aviation deals and reveals that private credit markets remain flooded with cash despite growing geopolitical and inflation concerns.

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