Tentative US-Iran Deal & SpaceX Cuts Valuation | The Pulse 5/29/2026

The US & Iran reached a tentative deal to extend their ceasefire by 60 days and begin talks on the future of Iran's nuclear programme. The preliminary agreement is still subject to President Trump's approval. Oil fell on the news, with Brent crude on track for its biggest monthly decline since 2020. Bloomberg understands that SpaceX has cut its target valuation at IPO to at least $1.8 trillion. We reported in April that SpaceX was aiming for a valuation above $2 trillion. Sources say the target is settling lower after consultations with advisers and investors. Meanwhile Anthropic's valuation hit $965 billion after its latest funding round. Plus Blue Origin's New Glenn rocket exploded on a launchpad in Florida during testing, dealing a blow to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Today's guests: Seema Shah, Principal Asset Management, Chief Global Strategist; Aditi Venkatram, Jefferies, Equity Capital Markets Managing Director; Nate Soares, Machine Intelligence Research Institute, President & Author, ‘If Anyone Builds It, Everyone Dies’ --- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse with Francine Lacqua 00:00:25 - US, Iran agree to 60-day truce, pending Trump signoff 00:03:10 - Markets roundtable: Principal AM's Seema Shah & Bloomberg's Mark Cranfield 00:13:29 - SpaceX said to lower valuation target to $1.8 trillion 00:16:56 - Aditi Venkatram, Jefferies, Equity Capital Markets Managing Director 00:23:59 - Friday headlines 00:24:22 - Musalem: Fed policy at or below long-run neutral 00:28:49 - Fed's rate path in focus 00:33:26 - Blue Origin's New Glenn rocket explodes on Florida launchpad 00:37:23 - Nate Soares, Machine Intelligence Research Institute, President & Author, ‘If Anyone Builds It, Everyone Dies’ 00:44:23 - Global defense talks at Singapore summit 00:46:44 - S&P 500 reaches nwe highs as bulls lean into risk rally -------- 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