Tentative US-Iran Deal & SpaceX Cuts Valuation | The Pulse 5/29/2026
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The US & Iran reached a tentative deal to extend their ceasefire by 60 days and begin talks on the future of Iran's nuclear programme. The preliminary agreement is still subject to President Trump's approval. Oil fell on the news, with Brent crude on track for its biggest monthly decline since 2020. Bloomberg understands that SpaceX has cut its target valuation at IPO to at least $1.8 trillion. We reported in April that SpaceX was aiming for a valuation above $2 trillion. Sources say the target is settling lower after consultations with advisers and investors. Meanwhile Anthropic's valuation hit $965 billion after its latest funding round. Plus Blue Origin's New Glenn rocket exploded on a launchpad in Florida during testing, dealing a blow to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Today's guests: Seema Shah, Principal Asset Management, Chief Global Strategist; Aditi Venkatram, Jefferies, Equity Capital Markets Managing Director; Nate Soares, Machin
Tags: AI, Aditi Venkatram, Benedikt Kammel, Big tech, Blue Origin, Bulls, Francine Lacqua, Iceland, Iran, Iran war, Mark Cranfield, Markets, Matthew Bloxham, Middle East, Nate Soares, Reykjavik, Richard Marles, Seema Shah (Principal), SpaceX, SpaceX Starship
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