Bloomberg News and Videos — Page 316

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk's rocket, space and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. The Starbase, Texas-based company plans to market about 555.6 million shares for $135, according to its filing Wednesday with the US Securities and Exchange Commission. At that price, SpaceX would have a market value of almost $1.77 trillion based on the outstanding shares in the filing. Bloomberg's Anthony Hughes reports.

Edison International CEO Pedro Pizarro spoke with Bloomberg's Tyler Kendall on the sidelines of the Edison Electric Institute 2026 Conference in Las Vegas. He pushed back against California governor candidate Tom Steyer's call to lower rates.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee.

Xcel Energy CEO Bob Frenzel said that his company is investing across a wide range of energy sources including wind and solar to build a 'more modern, more resilient, more sustainable grid of the future.' Talking to Bloomberg Washington Correspondent Tyler Kendall, Frenzel said that despite rising oil prices due to war between the US and Iran, the price of natural gas has seen little fluctuation.

Bloomberg's Michelle Davis joins Scarlet Fu on "Bloomberg Deals." Yum! Brands is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, according to people familiar with the matter.

Christina Lee, managing director and co-portfolio manager at Oaktree, joins Scarlet Fu and Dani Burger on "Bloomberg Deals." Lee spoke after her appearance at the Bloomberg Credit Forum. Private credit managers are fending off rising portfolio stress and investor redemptions.

Bloomberg's Randall Williams joins Scarlet Fu on "Bloomberg Deals." The New York Knicks reaching the NBA Finals for the first time this century and facing emerging superstar Victor Wembanyama promises to become one of the most-watched championships in league history.

Robert Cohen, director of global developed credit at DoubleLine, says artificial intelligence debt will almost certainly reach bubble levels during a panel at the Bloomberg Global Credit Forum in New York.

Bloomberg Intelligence's Jody Lurie joins Scarlet Fu on "Bloomberg Deals." Barry Diller has made an offer for the remaining portion of MGM Resorts International he doesn't already own, marking the latest pivot for the billionaire media mogul after overhauling IAC.

Representative Jake Auchincloss, joined Balance of Power to discuss the ongoing conflict in Iran as well as the upcoming War Powers vote. He said the war in Iran was illegal from day one and well as how he believed the War Powers resolution would pass.