9AM Hour: SpaceX IPO Details, "Greed" and the Markets, Private Credit Stocks Slide 6/3/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 3 June 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber discussed new developments regarding SpaceX's massive IPO: Leslie Picker said a source is telling her that Elon Musk's company is looking to price its offering at $135/share and raise $75 billion, aiming for a valuation of $1.75 trillion. With stocks entering the day at record highs, the anchors reacted to comments Goldman Sachs CEO David Solomon made to Picker at the Economic Club of New York about the AI boom and the markets: "There's more greed than there is fear." Also in focus: Private credit-related stocks under pressure in reaction to fund redemption stories, drama at Paramount as CBS News ousts "60 Minutes" correspondent Scott Pelley, Palo Alto Networks' wild ride on earnings. Squawk on the Street Disclaimer

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0:00.0	Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:10.8	Good Wednesday morning. Welcome to Squawk of the Street. I'm Carl Kintania with Jim Kramer and David
0:14.5	Faber at Post 9 of the New York Stock Exchange. S&P is going for a 10th straight gain and a 10th
0:20.3	straight week, but the pre-market's a little
0:22.6	sticky as Iran launches some fresh attacks on Kuwait.
0:25.7	President suggests in a podcast the blockade could go on until Labor Day.
0:30.1	Oil is moving a little higher on that, Brent within two bucks of a hundred.
0:34.2	Our roadmap begins with that near-record run stocks, fueled by Strong Tech, and this AI
0:38.5	rally. We're watching Intel and Marvell among the biggest movers today. Plus private credit
0:43.0	fears, they are creeping back into the market. We have two different firms, capping withdrawals,
0:48.9	sending shares of both KKR and Ares, Apollo Blackstone. You know the names, and they are all lower. And of course,
0:55.8	we are getting ready for that historic IPO of SpaceX, set to launch the road show tomorrow,
1:01.8	targeting a record $75 billion raise at $135.5.5.6 million shares, Carl.
1:13.0	Let's begin, though, with Stock's record run. Yesterday at the Economic Club of New York,
1:17.4	Goldman's chief David Solomon shared his views on the AI boom and the markets with
1:21.6	our Leslie Picker. Take a listen. I think there's plenty of liquidity in the system if the
1:27.4	world continues to remain as optimistic.
1:30.6	And I do think we're in a period.
1:32.6	And I know when I say this, so I'm, you know, I'm pausing for a second to say it, but I know when I say it, it will get quoted.
1:38.1	But I think there's, I think it's definitely true.
1:40.9	It's something for us to reflect on.
1:42.1	We are definitely in a moment where there's
	...

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