Balance of Power

Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.

The stock climbed as high as $176.52, or 31% above its offering price, in afternoon trading in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.

The successful first day of trading allows for a sigh of relief not only for backers of Musk’s company, but for an entire stock market that has been driven higher this year on optimism about the growth potential for artificial intelligence. SpaceX’s embrace of AI earlier this year with the acquisition of Musk’s xAI made the listing somewhat of a referendum on the IPO prospects of competitors Anthropic PBC and OpenAI, both of which plan go public themselves.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg News ECM Reporter Anthony Hughes.
Bloomberg News Space Reporter Sana Pashankar.
Bloomberg Television Correspondent Yahaira Anand.
Bloomberg Tech Co-Host Ed Ludlow.
Former International Space Station Commander Leroy Chiao.
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Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s empire into one of the most valuable public companies in the world.
The stock climbed as high as $176.52, or 31% above its offering price, less than two hours after the shares started trading shortly before noon in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.
For instant reaction and analysis, Bloomberg's Kailey Leinz speaks with:
Yahaira Anand, Bloomberg Television Reporter
Craig Trudell, Bloomberg News Managing Editor of Global Business Coverage
Ed Ludlow, Bloomberg Tech co-host
See omnystudio.com/listener for privacy information.

Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure.

Trump on Thursday cited what he said were “discussions” that “have been brought to the highest level of Iranian leadership” for a negotiated end to the war. He said that a “time and place of the signing” would “be announced shortly,” without providing further details.

However, Iran’s semi-official news agency Fars said the country had not yet approved the text of any agreement with the US, citing an informed source.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Former Republican Congressman Patrick McHenry
Bloomberg Washington Correspondent Tyler Kendall.
Atlantic Council Director of the Scowcroft Middle East Security Initiative Jonathan Panikoff.
See omnystudio.com/listener for privacy information.

Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
US President Donald Trump pledged fresh strikes on Iran after accusing the country of dragging out talks on an interim peace deal, putting further strain on a fragile two-month truce.

The US renewed its attacks overnight on the Islamic Republic and Trump’s latest comments opened the door to Washington’s most sustained military offensive since the two sides agreed to a ceasefire in April.

“We’re going to be attacking them, attacking them very hard,” Trump told reporters at the White House Wednesday. “We hit them hard yesterday, and we’re going to hit them hard again today.”
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
Bloomberg Economics Defense Lead Becca Wasser.
Former US Ambassador to the United Nations, Chair at Hudson Institute Nikki Haley.
Stonecourt Capital Partner Rick Davis and Democratic Strategist Matt Robison.
Republican Congresswoman Nicole Malliotakis of New York.
See omnystudio.com/listener for privacy information.

Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump said the US must respond after he blamed Iran for shooting down an American military helicopter off Oman, posing a new threat to the peace deal he’s said for weeks is close.

“I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz,” Trump posted Tuesday on social media. “There were two pilots involved, both are safe and uninjured.

Nevertheless, the United States must, of necessity, respond to this attack.”
There was no immediate indication of what action the US is planning. Iran’s foreign minister posted on social media later that “foreign forces in proximity to our territory are at constant risk,” adding that the “best solution is for them to leave.”
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Former Acting White House Chief of Staff Mick Mulvaney.
Bloomberg Economics Defense Lead Becca Wasser.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Boston Bureau Chief Brook Sutherland.
Ipsos US Public Affairs Chair and Texas A&M University's Bush School of Government and Public Service Visiting Political Science Professor Cliff Young.
See omnystudio.com/listener for privacy information.