SpaceX has surged to a valuation above $2.6 trillion, making it one of the most valuable companies in the world despite reporting losses and offering no clear profit outlook for this year. The rally is reigniting the bubble debate and raising questions about how far investors are willing to stretch valuations in the search for the next big thing.
At the same time, new Fed Chair Kevin Warsh faces his first major policy test. Inflation remains above 4%, the labour market remains relatively resilient, and markets have gone from pricing multiple rate cuts this year to considering the possibility of a late-year rate hike.
What will the Fed do? How will the markets react?
Watch the full episode to find out more!
Intro1:06 SpaceX is now the 5th biggest US company
3:08 Bubble talks
5:46 All eyes on the Fed!
