Bloomberg News and Videos — Page 265

Jack Lew, former US Treasury Secretary, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Projections in the latest annual Social Security Trustees says there could be severe shortfalls in funding by 2032. Lew says that's unacceptable and government can't wait to fix the problems.

Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth. He speaks to Annmarie Hordern at the Bloomberg Energy Security Executive Briefing in Houston.

Nick Colas, co-founder of Data Take Research, said that while he believes the math doesn't add up for SpaceX's valuation compared to the level of investment into space tech company, investors are making the decision based on Elon Musk's track record of success. Colas said that the bet is that Musk can replicate his track record of bringing the public interesting technology, but that it's not based on any math people can 'rationally model.'

Former NASA Astronaut and International Space Station Commander Leroy Chiao said that Elon Musk has proven experts wrong about new technology and brought down the cost of going to space using SpaceX innovation like recovering booster rockets. With SpaceX trading for the first time, Chiao said that he wouldn't count Elon out to follow through on lofty promises to investors.

After months of waiting, SpaceX is now a public company. The stock climbed 31% above its offering price at at one point on the Nasdaq. Bloomberg's Yahaira Anand was there for opening bell and has more.

After months of waiting, SpaceX is now a public company. The stock climbed 31% above its offering price at at one point on the Nasdaq. Bloomberg's Yahaira Anand was there for opening bell and has more.

As Elon Musk is poised to be crowned the world's first trillionaire, Bloomberg's Max Chafkin and Ed Ludlow break down Musk's growing control of SpaceX, the possibility of a Tesla, SpaceX merger, and why investors will follow Musk to the Moon, despite mounting questions about governance and execution.

Interstellar Lab founder Barbara Belvisi joined Bloomberg Open Interest to explain why SpaceX's IPO could reshape the space economy. She reveals how greenhouse technology designed for Mars is already generating revenue on Earth, and why future space farms will do far more than grow food, serving as complete life-support systems that produce oxygen, recycle water, and enable long-term human habitation on the Moon and Mars.

Veteran short seller James Chanos says the SpaceX mega IPO is a troubling sign for the broader markets. He says "we're going to shatter" records this year when it comes to IPOs. He speaks to Tom Keene and Scarlet Fu on "Bloomberg Money."

Czech central bank Governor Ales Michl said he sees a stronger argument to raise interest rates in June to contain inflationary pressures. While the global cost pressures from the energy shock may abate, the Czech economy is also facing domestic risks that may require a tightening of monetary conditions, Michl told Bloomberg News in an interview a week before the rate meeting. "I think a June move now a real possibility" Michl said. "The case for a rate hike has strengthened."