Can a Mexican cartel stronghold host the World Cup?
6/5/202612 min
SpaceX will go public next week with the largest retail allocation ever attempted in a megacap IPO, and India’s viral Cockroach Janta Party is challenging Prime Minister Narendra Modi. Plus, the FT’s Ciara Nugent explains the safety concerns swirling around World Cup host city Guadalajara as the tournament approaches.
Mentioned in this podcast:
Elon Musk’s SpaceX lines up retail investors for record IPO allocation
India’s viral ‘cockroach party’ challenges Narendra Modi
India’s ‘cockroach’ party founder plans protests over exam furore
The Mexican cartel stronghold preparing to host the World Cup
World Cup sparks betting battle between bookmakers and prediction markets
Want to get in touch? Email us at podcasts@ft.com
Note: The FT does not use generative AI to voice its podcasts
The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Clips
Transcript preview
First 90 secondsMark Filippino· Host0:00
[upbeat music] Good morning from the Financial Times. Today is Friday, June 5th, and this is your FT news briefing. Elon Musk is cozying up to retail investors, and can a bunch of cockroaches upset Indian politics? Plus, the World Cup kicks off next week. We'll take a look at the challenges one host city is facing.
Ciara Nugent0:20
Guadalajara is a place with a lot of cartel presence and a lot of cartel control. It's not really the ideal image for a football tournament.
Mark Filippino· Host0:28
I'm Mark Philippo, and here's the news you need to start your day. [upbeat music] SpaceX expects to go public about a week from now, and CEO Elon Musk wants to prioritize everyday investors. About one-fifth of SpaceX shares will be reserved for retail investors, that's according to sources familiar with the matter, and it's unheard of for such a large IPO. Musk expects the company will raise around $75 billion. Then again, this isn't entirely out of character for Musk. He told his social media followers in 2020 they'd get top priority for the SpaceX listing. Individual investors own more than 40% of Tesla's stocks. SpaceX will set the final IPO price on June 11th, and it's expected to go public the next day. [upbeat music] It's not unheard of to use an animal to symbolize a