SpaceX Said to Cut IPO Valuation Goal, Blue Origin Rocket Explodes | The Opening Trade 5/29/2026

SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut. Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Joumanna Bercetche and Tom Mackenzie. Chapters: 00:00:28 - Market Check 00:02:38 - Stocks Rise to Record 00:04:36 - Dell Stock Serges 00:05:56 - Space X IPO 00:09:47 - Europe Inflation Watch 00:10:27 - China Export Prices Climb 00:11:06 - Germany Party Unrest 00:11:15 - Blue Origin Rocket Explosion 00:14:14 - Iran War: Brent Crude, Oil Prices 00:25:19 - Dell Shares Soar on Outlook 00:34:17 - Job Market Fears Amid AI Demand 00:37:28 - St' Lous Fed President on Rate Hike 00:47:46 - Stock to Watch: Tech Stocks, Energy Stocks, CTS Eventim 01:07:09 - Anthropic Raises at $965 Valuation 01:15:20 - UK's Burnham Vows Tougher Stance on Tech 01:27:14 - SpaceX Said to Lower Valuation Target 01:32:13 - US, Iran Agree to 60-Day Truce 01:34:58 - Roland Garros, Champions League Final -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts