11AM Hour: Vista Equity Partners CEO Robert Smith, Honeywell Aerospace CEO Ahead of Spinoff & Medtronic CEO on Earnings 6/3/26
Squawk on the Street
- Published
- June 4, 2026
- Duration
- 48:57
- Summary source
- description
- Last updated
- Jun 10, 2026
Discusses inference, investing.
Summary
Vista Equity Partners CEO Robert Smith joins after the firm just launched a new enterprise AI inference cloud at Intel Computex. Then, the CEO of Honeywell Aerospace discusses the company's growth strategy ahead of its spinoff. Later, the CEO of Medtronic joins to break down the health tech company's latest quarter. Plus, Sara Eisen joins from Jerusalem a…
M&A veteran Paul Taubman tempers deal-making optimism, Vista's Robert Smith unveils low-cost AI inference infrastructure, and Space X targets a record-shattering $75B IPO as markets navigate Iran tensions and alt-manager redemption fears.
Key takeaways
- M&A activity remains flat at 2007 levels despite equity markets rising ~4x, with private equity exits frozen due to extended hold periods (now 7 years), software valuation uncertainty, and mismatched price expectations between buyers and sellers.
- Vista Equity Partners is launching Vector Core Compute (VC2), a disaggregated, air-cooled inference cloud designed to cut AI compute costs for enterprise software companies transitioning to agentic solutions, with 50+ U.S. sites and 40+ international locations planned.
- Space X is targeting a fixed IPO price of $135/share for a $75B offering—the largest IPO ever—with ~30% retail allocation, a Nasdaq debut under ticker SPCX on June 12, and an implied valuation of $1.75 trillion.
Why this matters
The convergence of an unprecedented AI infrastructure super cycle, stalled private equity exits, and record equity issuance is reshaping capital allocation across both public and private markets, creating divergent winners and losers that B2B investors and corporate strategists must navigate carefully.
Entities
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11AM Hour: Vista Equity Partners CEO Robert Smith, Honeywell Aerospace CEO Ahead of Spinoff & Medtronic CEO on Earnings 6/3/26
Squawk on the Street
June 4, 2026
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Show notes
Vista Equity Partners CEO Robert Smith joins after the firm just launched a new enterprise AI inference cloud at Intel Computex. Then, the CEO of Honeywell Aerospace discusses the company's growth strategy ahead of its spinoff. Later, the CEO of Medtronic joins to break down the health tech company's latest quarter. Plus, Sara Eisen joins from Jerusalem after speaking with Israel's Prime Minister Benjamin Netanyahu. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information ab
Themes
- inference
- investing