SpaceX Bull Ron Baron & Vice President JD Vance 6/15/26

**SPEAKER_1** (0:00)
Your data lives everywhere, on-prem, in the cloud, across apps. Bring it all together with Everpure, the platform that acts like a living system, delivering the latest in data performance, security and innovation without ever slowing you down. Sophisticated enough to anticipate your ever-changing data needs, yet simple enough to feel like second nature. Tame your data chaos with Everpure and make storage and data management the simplest part of your business. Visit everpuredata.com to learn more. Courage.

**Becky Quick** (0:28)
I learned it from my adoptive mom.

**SPEAKER_1** (0:30)
Hold my hand. You hold my hand. Learn about adopting a team from foster care at adoptuskids.org. You can't imagine the reward. Brought to you by AdoptUSKids, the US Department of Health and Human Services and the Ad Council.

**Robert Frank** (0:43)
Bring in show music, please.

**Cameron Costa** (0:47)
This is Squawk Pod and I'm CNBC producer, Cameron Costa. On today's episode, two big headlines.
First, a peace deal with Iran set to be signed this Friday. And Vice President JD Vance has the details.

**JD Vance** (1:04)
It immediately reopens the Straits of Hormuz. We're already seeing in the past 24 hours more traffic flow. You see oil prices coming down. But you also have the long-term commitment that Iran will never develop or procure a nuclear weapon.

**Cameron Costa** (1:18)
Then SpaceX's launch into the public markets. Ron Baron, longtime bull on Elon Musk, has half his fund's portfolio tied up in SpaceX and Tesla.

**Robert Frank** (1:30)
How rich is he now? I don't know.

**Brian Sullivan** (1:32)
More than Thursday.

**Cameron Costa** (1:33)
And he is still betting on Elon.

**Ron Baron** (1:36)
$24 billion.

**Robert Frank** (1:37)
That's across all the funds?

**Ron Baron** (1:39)
Across all the funds.

**Becky Quick** (1:40)
Across all the funds and that was...

**Ron Baron** (1:41)
I'm not sure if it's $24 or $25 billion because we put another billion in Friday.

**Cameron Costa** (1:46)
It is Monday, June 15th, 2026 and Squawk Pod begins right now.

**Robert Frank** (1:53)
Stand Becky by in three, two, one, cue please.

**Becky Quick** (1:59)
Good morning everybody. Welcome to Squawk Box right here on CNBC. We are live from the NASDAQ market site in Times Square. I'm Becky Quick along with Brian Sullivan and Robert Frank. Joe and Andrew are out today. Gentlemen, thank you both for being here today. It's good to have you. If you take a look at energy prices though, this is the real story because oil prices collapsing overnight. You can see right now that WTI is right around $80 a barrel. It's down by about 5.5%, $80.23.
Brent is all the way down to $82.88. And Brian, you've been watching this very closely. This is your beat. You know what's happening here. Explain.

**Brian Sullivan** (2:36)
Okay.
Well, here's a couple of things to watch. And this good morning, by the way. We've got the Knicks get a title. We've got what looks to be a peace deal in Iran. Equity futures are soaring. And I've got some even better news for our audience.

**Robert Frank** (2:48)
SpaceX pre-market is up even more.

**Brian Sullivan** (2:50)
It's up pre-market. More trillionaires. That's your beat, Robert Frank. It's like the perfect morning that we're all here. This is incredible. First off, most of our viewers, I know you don't trade or buy barrels of oil, but they probably do put gasoline in their car.
One year ago today, the price of oil was at $80.23 a barrel.

**Becky Quick** (3:09)
Here we stand.

**Brian Sullivan** (3:10)
The price of oil right now is $8.23 per barrel.

**Becky Quick** (3:15)
Wipes out the war premium that's been put on this.

**Brian Sullivan** (3:17)
Wipes out almost the entire war premium takes us exactly where we were one year ago. So according to AAA, where were we with gas prices with oil at $80.23 one year ago? We were at $3.15 nationally.

**Becky Quick** (3:30)
So how quickly do gasoline prices follow oil price declines?

**Brian Sullivan** (3:35)
It depends on how fast the gas station owner needs to refill their tanks. If they bought a bunch of gasoline a week ago and they've got to empty it, they're not going to lower the price and lose money on what they put in.
But if they have to refill it in the next few days, you should see pretty immediate relief depending on that. So the price of gasoline, I want to be clear, I don't think it's going to 315 in the next week, but it might go to 325

**Becky Quick** (4:02)
And part of this is what the refineries are dealing with too.

**Brian Sullivan** (4:05)
That's right.

**Becky Quick** (4:05)
Though it doesn't come straight from.