SpaceX shoots for the moon with $1.78tn IPO
6/10/202611 min
The US has launched new strikes on Iran, Ireland’s burning through its corporate tax bonanza, and the European Central Bank is trying to rein in fintech Revolut’s “self-guided missiles” in the region. Plus, the FT’s George Hammond breaks down whether public market investors believe Elon Musk’s SpaceX can reach its ambitious goals ahead of its initial public offering.
Mentioned in this podcast:
Ireland told to rein in spending of corporate tax windfall
ECB moved to rein in Revolut’s ‘self-guided missiles’ in Europe
SpaceX’s $1.78tn IPO asks investors to buy Musk’s moonshots
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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. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript preview
First 90 secondsMark Filippino· Host0:00
[intro music] Good morning from the Financial Times. Today is Wednesday, June 10th, and this is your FT news briefing. The US has launched new strikes on Iran and SpaceX is asking investors to trust the process. Plus, spend it or save it? Ireland's grappling with its tax windfall.
Jude Webber· Guest0:20
There are big gaps in Ireland's infrastructure across the board that aren't in step with it standing as one of the richest countries in Europe. Really, it has a lot of ground to make up.
Mark Filippino· Host0:29
I'm Mark Filipino, and here's the news you need to start your day. [upbeat music] The US military retaliated against Iran yesterday. It was in response to what Central Command called, quote, "unjustified Iranian aggression." President Donald Trump said Iran shot down a highly sophisticated American Apache helicopter on Monday night. The price of oil jumped slightly after the US attacks, just north of ninety-two dollars a barrel. The strikes by the US marked a new test of the fragile ceasefire between the countries. American and Iranian forces have traded fire in and around the Strait of Hormuz since the truce took hold in early April. Somehow, they've avoided full-blown war. [upbeat music] Oh, hey, have you heard that SpaceX is going public on Friday? You probably can't escape the news, and it's hard to with such a massive valuation,