Steve Tananbaum

Steve Tananbaum is the founder, managing partner and chief investment officer of GoldenTree Asset Management, a global credit-focused asset manager he founded in 2000. He oversees investments across GoldenTree’s funds and is a veteran credit-market investor whose public commentary includes credit markets, private credit, inflation, AI infrastructure financing and investment strategy.

SpaceX Plans Record $75 Billion IPO at Fixed $135 Price

AI demand is driving unusually large financings and sharper questions about dilution, pricing and overinvestment across the technology market. Bloomberg reported that SpaceX is planning a record $75 billion IPO at $135 a share while setting the price before the usual marketing phase, making it the clearest example of companies testing Wall Street conventions as capital needs rise. Alphabet’s upsized AI infrastructure raise and heavy hyperscaler bond issuance put the same pressure in broader context: Rebecca Walser argued monetization is still early, while Steve Tananbaum warned the buildout may become an infrastructure arms race with overinvestment risk.

Bloomberg TechnologyJun 3, 202617 min read