SpaceX IPO ignites an investor frenzy
5/29/202612 min
Washington is nearing a deal to extend its ceasefire with Iran by 60 days, and investors are rushing to gain exposure to SpaceX in a “speculative frenzy” ahead of its expected IPO. Plus, Benjamin Netanyahu has directed the Israeli military to take control of at least 70 per cent of Gaza, and Robinhood is launching a feature that will enable clients to use AI chatbots for share trading.
Mentioned in this podcast:
Washington nearing deal to extend Iran ceasefire, US officials say
Investors race to get exposure to SpaceX ahead of IPO
Benjamin Netanyahu orders Israeli forces to take control of 70% of Gaza
Robinhood to let investors use AI chatbots for share trading
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Today’s FT News Briefing was hosted by Sonja Hutson and produced by Katya Kumkova. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript preview
First 90 secondsSonia Hutson· Host0:00
[intro music] Good morning from the Financial Times. Today is Friday, May 29th, and this is your FT News Briefing. The US and Iran are getting close to a ceasefire extension, and hype over SpaceX's IPO is stratospheric.
Emily Herbert0:19
And that sort of attitude sometimes is a warning signal of maybe a kind of bubble in the market or too much hope, too much optimism.
Sonia Hutson· Host0:27
Plus, Robinhood is letting investors use AI to make trades. I'm Sonia Hudson, and here's the news you need to start your day. [intro music] Negotiators from Iran and the US have reached a memorandum of understanding, but President Donald Trump still needs to sign off on it. That's according to a White House official. The news comes after the countries have exchanged fire in recent days. The deal would extend the ceasefire by 60 days and reopen the Strait of Hormuz. Now, Iran did not confirm the White House's version of events, which were first reported by Axios. An Iranian news agency close to the Revolutionary Guards warned on Wednesday that Trump could unilaterally announce the agreement even though Tehran thought some issues were unresolved.
Unknown speaker1:26
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