Tim Stenovec
Bloomberg journalist and broadcaster who co-hosts Bloomberg Businessweek on Bloomberg TV and Bloomberg Radio. He joined Bloomberg in 2020 after roles at Cheddar, Business Insider, and HuffPost, and has hosted Bloomberg Technology episodes covering technology, innovation, business, and AI-related market news.
AI Infrastructure Spending Is Driving Valuations Across Tech Markets
Tech investors are pricing not only AI models but the infrastructure, financing and execution needed to turn heavy spending into returns, according to Bloomberg Technology’s May 29 coverage. The program tied Dell’s raised outlook and AI server forecast, Anthropic’s reported $965 billion valuation and private-credit financing, and SpaceX’s lower reported $1.8 trillion IPO target to a broader question of whether demand can become durable revenue and profit. Its SpaceX segment framed the revised target as a test of investor willingness to underwrite Elon Musk’s operating record and ambitions at valuation multiples far beyond current sales.
Anthropic’s New Funding Round Pushes Its Valuation Past OpenAI
Bloomberg reports that Anthropic has raised new funding at a valuation that, on at least one measure, puts it ahead of OpenAI for the first time. Bloomberg AI reporter Shirin Ghaffary argues the investor demand is less about a settled ranking than about Anthropic’s rapid revenue growth and its clearer enterprise use case through Claude Code. She cautions that the lead is provisional, with OpenAI and Google also advancing in coding agents as the companies move toward possible IPOs.
SpaceX’s $1.8 Trillion IPO Case Depends on Long-Dated Market Creation
Bloomberg’s Benedikt Kammel said SpaceX’s reported cut in its IPO valuation target, from more than $2 trillion to at least $1.8 trillion, should be read as late-stage price discovery rather than a clear break in investor demand. The larger issue, he told Tim Stenovec, is that even the lower figure implies a valuation of about 96 times expected 2025 sales, requiring investors to underwrite Elon Musk’s long-term market-creation case rather than the company’s current revenue base.
NASA Plans 2028 Moon Landing as China Race Tightens
NASA Administrator Jared Isaacman tells Bloomberg’s Tim Stenovec that the US lunar program is no longer a question of ambition but of execution. He argues that NASA must turn Artemis into a workable sequence of tests, landings and industrial demand signals quickly enough to beat China, which he describes as a true peer moving at SpaceX-like speed. The moon base, in Isaacman’s account, is both a geopolitical objective and a proving ground for the commercial systems, nuclear technologies and Mars capabilities NASA wants next.
Private Credit Faces a Confidence Test as AI Hits Software Loans
Private credit’s roughly $1.8 trillion boom is facing its first major test as a crisis of confidence rather than a broad default cycle, Bloomberg Originals argues. The report says the rapid growth of lending outside banks has left investors questioning private loan marks, limited liquidity in retail-facing funds, and underwriting assumptions around software borrowers whose growth prospects may be undermined by artificial intelligence.