SpaceX Earnings Fallout, Kalshi Talks NY Lawsuit | Bloomberg Businessweek Daily 8/5/2026

Bloomberg Intelligence's Global Head of Technology Research Mandeep Singh reacts to Tuesday's SpaceX earnings and breaking news from Microsoft disclosures that its AI sales come mostly from OpenAI. Katie Kaminski from AlphaSimplex Group explains her long-term fixed income outlook after last week's FOMC meeting and Fed Chair Kevin Warsh's remarks. G Squared Founder Larry Aschebrook talks about his company's backing from Anthropic and its recent $2.3 Billion fundraising for its 7th flagship fund. Kalshi Head of Enforcement & Legal Counsel Robert DeNault responds to a recent NY State lawsuit against the online prediction market platform, and discusses how the company tracks and investigates allegations of "manipulative" bets. Chapters 00:00:00 Bloomberg Businessweek Daily 00:01:30 SpaceX After Earnings: AI Spending in Focus 00:02:49 Market Update: Dow Hits Another Record 00:04:42 SpaceX's AI Ambitions vs. Investor Reality 00:05:19 Lockup Expiration & Selling Pressure 00:06:30 Can SpaceX Really Reach 10 Gigawatts? 00:08:30 The AI Cloud Opportunity 00:09:59 Microsoft's AI Revenue Concentration 00:12:05 Bond Market Outlook with Katy Kaminski 00:13:13 Is the 10-Year Yield Headed Lower? 00:15:08 Why the 60/40 Portfolio Is Still Challenged 00:18:17 Fed Outlook Through Year-End 00:21:20 G Squared's New $2.3 Billion Fund 00:22:58 Inside the Private Market Secondary Boom 00:26:58 AI Valuations & Where the Next Opportunity Lies 00:30:02 SpaceX IPO Lessons & Market Structure 00:34:52 New York Sues Kalshi 00:35:27 Kalshi Responds to Gambling Allegations 00:39:56 Market Integrity & Insider Trading Controls 00:46:47 Prediction Markets as Financial Signals 00:48:26 Stock Movers: SpaceX, News Corp & Travel -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts