Will SpaceX Skyrocket on Trading Debut?
6/12/202616 min
A.M. Edition for June 12. With just hours to go until SpaceX’s trading debut we look at what to expect when the largest IPO ever hits the market today. Plus, oil falls on the prospects of an imminent U.S. peace deal with Iran - but will it stick? Analysts warn of more volatility to come. And, as the U.K. defense secretary quits over a lack of military spending, WSJ’s Alistair MacDonald explains what it says about Europe’s military readiness. Luke Vargas hosts. Further reading on SpaceX’s IPO: SpaceX’s IPO Couldn’t Be More Old School Musk Looks to an Army of Loyalists to Help Make Him a Trillionaire Meet the SpaceX Employees Who Are About to Make an Overnight Fortune Musk Poised to Be the World’s First Trillionaire Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsSpeaker 10:00
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Luke Vargas· Host0:29
[Instrumental music] We're counting down to the biggest IPO of the year, with SpaceX due to begin trading later today. Plus, the UK's Defense Secretary quits. We'll look at what it says about Europe's military readiness.
Speaker 3· Soundbite0:44
For Europe to get defense sovereignty, it really needs its traditional military powers, which is really Britain and France, to step up to the plate. At the moment, it's only really Germany.
Luke Vargas· Host0:54
And Barclays forecasts that Harry's will outspend Swifties. Confused? I promise you won't be in just a few minutes. It's Friday, June 12th. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today. [Instrumental music] We are just hours away from SpaceX's trading debut, the largest IPO ever. Its size and value is set just shy of $1.8 trillion, and big firms and retail investors alike have their orders all lined