Bailey Lipschultz

~Professional update~ I'm now a senior reporter here on the US equities team at Bloomberg News and in addition I will also be helping shape our coverage of equity capital markets (primarily through the daily ECM Watch column)

It begins. Scoop frm @BTLipschultz + @EdLudlow: SpaceX Has Filed Confidentially for IPO Ahead of AI Rivals bloomberg.com/news/articles/…

Tune in! youtube.com/live/iEpJwprxD…

Tune in in an hour and submit your questions around SpaceX, OpenAI, Anduril, Anthropic, their anticipated IPOs, the private market surrounding them and everything else!

Either this Grifols deal will be one of the greatest arbitrage opportunities of all time or I’m an idiot (both can be true)

Nebius Group said it intends to raise about $3.75 billion in convertible debt on the heels of a commercial deal with Meta Platforms Inc. $NBIS $META bloomberg.com/news/articles/…

BREAKING: Its Thrive Capital and a16z leading Anduril’s fund raise. Aim is to to raise $4B at ~$60B valuation. Story @TheTerminal. Joining @BloombergTV now

I caught up with PitchBook's Franco Granda to talk SpaceX valuation, Starlink's "ubiquity wedge," and oh so much more. Check it out:

A $1.75 trillion valuation for billionaire Elon Musk’s SpaceX in an IPO would be “justifiable,” according to a PitchBook analyst bloomberg.com/news/articles/…

SpaceX is targeting filing confidentially for an initial public offering as soon as next month, according to people familiar with the matter. @BTLipschultz has more on "Bloomberg The Close" bloom.bg/3MWEu0x

“The fund probably doesn’t always have $1 billion in cash lying around — so they would need to potentially sell some of their winners, which could cause some knock-on effects for public companies,” according to Dan Klausner, head of US public equity advisory at Houlihan Lokey bloomberg.com/news/articles/…

I still hate sudden death 3v3 in gold medal matches…but I’ll take the end result, double 🏅🏅 for USA hockey

The highly-anticipated IPO boom may take a little longer to materialize as the market for new issuances limped into a seasonal quiet period bloomberg.com/news/articles/…

Story here!

Late night scoop on the IPO process for Clear Street. Story on the Terminal $CLRS

Garner played a key role in the company’s meetings with investors and the formal road show. “I work to add value and stay involved in any way that I possibly can across all aspects of the business,” she told us in an interview. $OFRM

Once Upon a Farm PBC, the organic kids snacks maker co-founded by actress Jennifer Garner, jumped in its debut Friday, after the company and some investors raised $197.9 million in an initial public offering. $OFRM bloomberg.com/news/articles/…

SpaceX held meetings with banks from outside the US for its IPO, according to people familiar, as Elon Musk’s rocket and satellite maker targets a listing this year on an ambitious timeline. bloomberg.com/news/articles/…

There haven’t been this many issuers raising at least $100 million in a week since the market hit a fever pitch in November 2021 before shuttering for three years, according to data compiled by Bloomberg. bloomberg.com/news/articles/…

Merger of xAI and SpaceX is:

NEWS: SpaceX has considered a potential merger with Tesla, as well as an alternative combination with xAI. Investors have pushed the Tesla option. Nothing final. Report @TheTerminal with @DNair5 @kielporter @lorengrush