New York City Comptroller Mark Levine discussed the fast-tracking of SpaceX’s inclusion into major indexes such as MSCI Global Standard and FTSE Russell, highlighting concerns about the abandonment of traditional criteria like seasoning periods and earnings track records. Levine emphasized the unprecedented governance structure of SpaceX, where a single individual holds dominant control with limited shareholder rights and no independent board oversight.

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The New York Knicks NBA Championship may be an opportunity for Madison Square Garden Sports Owner Jim Dolan, says Ariel Investments Co-CEO John Rogers.

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President Trump told reporters “We have a lot of lanes right now already” in the Strait of Hormuz  during bilateral meeting with French President Emmanuel Macron
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SpaceX has drawn about $89 billion of demand for its debut US bond sale, according to people with knowledge of the matter, setting the stage for one of the biggest deals in the US investment-grade market this year.

Elon Musk’s rocket, satellite and AI conglomerate is seeking to raise between $20 billion and $25 billion from the five-tranche offering in a deal that’s expected to price on Tuesday. At the lower of that range, demand would exceed the bond size by more than four times. Debt investors, who tend to be more conservative than those in the equity market, are betting on Musk’s ability to deliver on his promises even as the company is projected to burn significant amounts of cash over the next few years.

For more, we speak with Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence.
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Roubini Macro Associates Chairman and CEO Nouriel “Dr. Doom” Roubini says that the tech boom will have a greater economic impact than Fed policy.

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