SpaceX Said to File Confidentially for IPO Before AI Rivals
Bloomberg Intelligence1 Apr

SpaceX Said to File Confidentially for IPO Before AI Rivals

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses SpaceX filing confidentially for an initial public offering, bringing the company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission and could seek a valuation in the IPO of more than $1.75 trillion.

-Lily Meier, Bloomberg Retail Reporter, discusses Nike earnings. Nike Inc. shares fell after the company gave a gloomy outlook for the year ahead, with revenue expected to decline 2% to 4% in the current quarter. The company is facing headwinds around the globe, including elevated inventories in Europe and the Middle East and weakness in Greater China and other areas.

-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, recaps earnings from RH. RH shares plunged after the home furnishing company forecast revenue for the first quarter that missed the average analyst estimate.

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