SpaceX Maybe Largest US IPO, Iran War Reveals Gaps In Defense Spending | Bloomberg Deals 3/25/2026

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today’s guests: Goldman Sachs Head of Global M&A Stephan Feldgoise, Advent Global Head of Aerospace and Defense Shonnel Malani, Carlyle Global Head of Aerospace Defense and Government Ian Fujiyama, Andreessen Horowitz General Partner Erin Price-Wright, JPMorgan Managing Director Mark Marengo, and Vinson and Elkins Partner Lande Spottswood.

Chapters:
00:00:00 – Bloomberg Deals opens
00:03:24 – Merck to Buy Terns For $6.7 Billion
00:05:04 – Ares, Apollo Cap Private Credit Withdrawals
00:08:14 – Stephen Feldgoise, Goldman Sachs Head of Global M&A
00:10:31 – Feldgoise: Fundamental Deal Drives Are in Place
00:12:09 – Feldgoise: Software Dealmaking Hard to Predict
00:13:56 – Feldgoise on Private Credit
00:17:36 – Shonnel Malani, Advent Global Head of Aerospace & Defense
00:19:45 – Malani on Investments, Innovation and AI
00:21:46 – Malani on Corporating with Governments
00:24:55 – Investment Committee: Iran War Reveals Gaps in Defense Spending
00:36:49 – Lande Spottswood, Vinson & Elkins Partner
00:37:46 – Spottswood: Deal Activity Will Persist Despite War
00:40:36 – Spottwoods: Regulators Friendlier to Large-Scale Projects
00:43:18 – Blackstone Buys Cricket Team at $2.8B Valuation
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