Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant&#x27;s outlook far surpassed Wall Street estimates.<br>See omnystudio.com/listener for privacy information.

SpaceX Lowers IPO Valuation Target

Bloomberg Tech

# Full Transcript

**Podcast:** Bloomberg Tech

## Participants

- **Tim Stenovec** (None)
- **Benedict Campbell** (Bloomberg)
- **Shereen Ghafari** (Bloomberg)
- **Silas Brown** (Bloomberg)
- **David Kennedy** (Dell)
- **Janet Mui** (RBC Bruin Dolphin)
- **Rebecca Torrance** (Bloomberg)
- **Haslinda Amen** (Bloomberg)
- **Carolina Parada** (Google DeepMind)
- **Sherry Ann** (Bloomberg)
- **Lauren Grush** (Bloomberg)
- **George Ferguson** (Bloomberg Intelligence)

## Transcript

[SPEAKER_24] The right technology can strengthen human judgment. That's why Deloitte brings together AI and data analytics with multidisciplinary teams who can help you connect the dots across your enterprise, from risk to operations to customer needs, so opportunities don't slip by and surprises don't spread. Because the smarter your systems, the sharper your instincts. That's how technology makes people better at what they do best. Deloitte. Together makes progress.

[SPEAKER_24] Learn more at Deloitte.com slash together makes progress.

[SPEAKER_03] The Hartford, the focus is on helping businesses manage risk before it turns into something more disruptive. That means working with companies to identify where they're exposed, decide what matters most, and put practical standards in place so risk is managed as part of day-to-day operations. And when losses do happen, the Hartford can pair that risk control work with insurance coverage grounded in underwriting, risk engineering, and claims experience developed over time. Learn more at the Hartford.com slash risk mitigation.

[SPEAKER_23] Everyone has been there. Your team's feedback is scattered across emails, chats, and sticky notes. It's a mess. But PDF Spaces and Adobe Acrobat gives you one collaborative workspace to streamline every file and comment. So, if you need six departments to finally agree on a proposal, do that with Acrobat. Need to turn a mountain of feedback into one plan of action? Do that with Acrobat.

[SPEAKER_23] Want to stop searching for files and finally get everyone on the same page? Do that. Do that. Do that with Acrobat. Learn more at adobe.com slash do that with Acrobat.

[SPEAKER_05] Bloomberg Audio Studios. Podcasts. Radio. News. Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco.

[SPEAKER_14] I'm Tim Stenovec. In for Caroline and Ed today. This is Bloomberg Tech. Coming up, SpaceX coming back down to Earth with a slightly lower valuation and its IPO. We'll break down why. Plus, Anthropic closing a funding round at a whopping $965 billion valuation. It surpasses OpenAI for the first time in the AI race. And Dell surges after the hardware giant's outlook far surpassed Wall Street estimates. We're going to hear from the CFO just a little later this hour.

[SPEAKER_14] First, though, let's take a check on these markets on this holiday-shortened trading week this Friday morning. The Nasdaq 100 continuing to push to new records with the market ...

SpaceX Lowers IPO Valuation Target

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

SpaceX Lowers IPO Valuation Target

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.