SpaceX to Pursue 2026 IPO Raising Above $30B, Investors Await Fed | The Opening Trade 12/10
Stocks were broadly mixed and largely muted as investors awaited the Federal Reserve's December rate decision. Meanwhile, JPMorgan stocks fell as much as 5% in New York, after the global banking giant unveiled higher-than-expected costs for next year. Bloomberg had learned that SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion. The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing. 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 Anna Edwards and Guy Johnson. Chapters: 00:00:00 - The Opening Trade 00:01:43 - Will Change 'Bad' Fed Head: Trump 00:04:14 - Fed Rate Decision 00:06:34 - JPMorgan Stock Dips 00:08:12 - SpaceX IPO Set to be Largest Ever 00:11:05 - Western Alliance No Longer Exist: Merz 00:11:38 - Australia Social Media Ban 00:15:57 - Fed Guidance for a January Cut 00:21:20 - Divided Fed Expected to Cut Rates 00:25:48 - Lucid Group CEO Mark Winterhoff 00:40:18 - HSBC CEO on Restructuring 00:43:08 - The Hawkish Risk Is in the US, Not Europe: MLIV 00:47:49 - Stocks to Watch: Anglo American, Miners, Banks 01:05:24 - JPMorgan Stock 01:08:29 - AI's Effect on the Job Market 01:16:03 - Vertical Aerospace Domhnal Slattery 01:27:45 - Australia Social Media Ban 01:34:03 - Fed Rate Cuts in 2026 -------- 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: / bloombergtv Facebook: / bloombergtelevision Instagram: / bloombergtv Connect with Bloomberg Business on: X: / business Facebook: / bloombergbusiness Instagram: / bloombergbusiness TikTok: https://www.tiktok.com/@bloombergbusi... Reddit: / bloomberg LinkedIn: / bloomberg-news More from Bloomberg: Bloomberg Radio: / bloombergradio Bloomberg Surveillance: / bsurveillance Bloomberg Politics: / bpolitics Bloomberg Originals: / bbgoriginals Watch more on YouTube: Bloomberg Technology: / @bloombergtechnology Bloomberg Originals: / @business Bloomberg Quicktake: / @bloombergquicktake Bloomberg Espanol: / @bloomberg_espanol Bloomberg Podcasts: / @bloombergpodcasts