US President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, a claim contradicted by Iran as the two sides still differ over key points, including management of the waterway and payments to the Islamic Republic.

“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump said in a social media post on Saturday, while claiming that Iran “no longer wants a Nuclear weapon.”

Pakistan, which has served as a mediator, is preparing for an electronic signing of the peace deal, “followed by technical-level talks next week,” Pakistani Prime Minister Shehbaz Sharif said. Those talks would last up to 60 days and focus on Iran’s nuclear program.

Plus, the New York Knicks ended one of the longest championship droughts in the NBA, bringing relief to their long-suffering fans.

Jalen Brunson, who was named the Finals MVP after the game, scored 45 points to power New York to victory over San Antonio.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Representative Johnny Olszewski, (D) Maryland, on the latest with the US-Iran peace deal, as well as his idea for Supreme Court term limits.

- Josh Wingrove, Bloomberg News Senior White House Reporter, on the potential US-Iran peace deal ahead of President Trump’s arrival in Geneva ahead of the G7 Summit.

- Bloomberg Business of Sports Reporter Vanessa Perdomo and Sportico Deputy Editor Eben Novey-Williams, on the Knicks first NBA title in 53 years and what’s next for the team.

- Chris Rovzar, Bloomberg Pursuits, Global Luxury Editor on choosing the perfect Father’s Day gift to match your pop’s personality.

- Nicholas Kristof, New York Times Opinion Columnist on the “Save Our Bacon” bill as well as foreign influence in American policy.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.

Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster.

As the gigantic space exploration startup barreled toward a public listing after 24 years as a private company, the urgency was apparent. The acquisition of a $250 billion artificial intelligence company in the middle of the process? Don’t let it slow you down. Why have everyone wait late into the evening for the final terms? Instead, close the deal during market hours.

The rush was driven by a canny strategy: go public before the US midterm elections, with a — mostly — pro-Musk president in charge; beat OpenAI and Anthropic to market to get in early on investors’ appetite for AI-focused listings; and become a public company before Musk’s 55th birthday at the end of June.

The race culminated on Friday, when Space Exploration Technologies Corp. started trading on the Nasdaq after pricing the biggest IPO in history. The company raised $75 billion and made Musk the world’s first trillionaire. Shares climbed as much as 31% in their debut before closing at $160.95, giving SpaceX a fully diluted market value of $2.2 trillion.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Bloomberg Tech Host Ed Ludlow on Elon Musk becoming the world’s first trillionaire after SpaceX’s record IPO debut.

- Eric Martin, Bloomberg News State Department Reporter, alongside Bloomberg News Jerusalem Reporter, Dan Williams, on Pakistani Prime Minister Shehbaz Sharif expecting that a US-Iran peace deal will be finalized within 24 hours.

- Swarovski CEO Alexis Nasard on the company’s new “pop luxury” rebrand as well as their turn towards profitability.

Plus, David, Christina, and Lisa Mateo play Pointed: The News Quiz for Risk Takers

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.

Elon Musk's SpaceX is set to deliver the biggest ever IPO, more than doubling the size of Saudi Aramco’s $29.4 billion listing in 2019. The company is offering about 555.6 million shares at $135 each in a deal that could value it at roughly $1.8 trillion. The stock will make its debut on the NASDAQ on Friday.

Plus, the International Air Transport Association's Annual General Meeting. United Airlines CEO Scott Kirby said affluent travelers continue to spend on air travel despite a sharp rise in fares.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Ed Ludlow, Co-Host of Bloomberg Tech, Bailey Lipschultz, Bloomberg News Senior Equities Reporter, and George Ferguson, Bloomberg Intelligence Senior Aerospace & Defense Analyst, on SpaceX's record-shattering IPO set to launch on Friday.

- United Airlines CEO Scott Kirby from the IATA Summit, on the state of air travel and mergers.

- Abby Livingston, Puck News Washington Reporter, and Ashley Konig, Director of the Eagleton Center for Public Interest Polling, on Graham Platner's Senate race in Maine, the Los Angeles mayoral race, and President Trump's recent comments on affordability.

Plus, Christina, David, and Lisa discuss the stories you might have missed this week on BTW.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.