How Elon Musk Made a Trillion Dollars

The initial public offering for SpaceX crowned Elon Musk the world’s first trillionaire. WSJ’s Theo Francis takes us inside the staggering finances of the world’s richest man, and explores what the impact of his new status might be. Jessica Mendoza hosts. Further Listening: - Is SpaceX Worth the Hype? - The Great IPO Frenzy of 2026 - Musk vs. Altman Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

2026 is set to be a monster year for tech IPOs. SpaceX hit the market with a blockbuster $1.77 trillion valuation while Anthropic and OpenAI are set to go public later this year. WSJ’s investing columnist Spencer Jakab takes us inside the IPO bonanza and explores the risks potentially hiding behind all the hype. Jessica Mendoza hosts. Further Listening: - Is SpaceX Worth the Hype? - Musk vs. Altman Sign up for the Markets A.M. newsletter, The Wall Street Journal's daily investing outlook. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the World Cup begins, we bring you a two-part Sunday special charting how FIFA built the World Cup into a global phenomenon. In Part 2, WSJ sports journalists Jonathan Clegg and Joshua Robinson explore FIFA under its current president Gianni Infantino and how he has maximized revenue for FIFA by exploiting new markets for soccer in the Arab world and the U.S. at the expense of the sport’s longstanding fanbase. Ryan Knutson hosts. Further Listening: - The World Cup Story, Part 1: Soccer and Scandal Sign up for WSJ’s free Sports newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Two scrappy horror films are taking Hollywood by surprise. “Backrooms” and “Obsession” have wildly exceeded expectations at the box office. Both spring from internet culture and have brought an unprecedented numbers of Gen Z-ers into theaters. WSJ's Ben Fritz explains what this new wave means for the movie business. Jessica Mendoza hosts. Further Listening: - Why Hollywood Can't Find Good Scripts - Hollywood Jobs Are Disappearing Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

SpaceX is preparing the largest public offering ever on Friday. Elon Musk’s space-satellite-AI-social-media company plans to sell $75 billion worth of shares at a “take-it-or-leave-it” price of $135 a share. WSJ’s Corrie Driebusch takes us inside the SpaceX books and details what investors are thinking about the massive IPO. Ryan Knutson hosts. Further Listening: - Musk vs. Altman - Elon Musk's $1.25 Trillion Megamerger - The Woman Behind SpaceX Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

In the era of the $100 steak, WSJ reporter Patrick Thomas traveled from a steakhouse in Omaha to a manure-splattered cattle auction in the Nebraska sandhills. What he found was a story about drought, debt and a stunning reversal of fortune that has left America's ranchers holding more power than they've had in decades. Ryan Knutson hosts. Further Listening: - The Beef Between Cattle Ranchers and Meatpackers  - How Scotts Miracle-Gro's Weed Business Went Up in Smoke Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

For years, Bill Gates was best known for his charitable work. The Gates Foundation spends billions on humanitarian efforts around the world. At one point, Gates was ranked as the world’s most admired man. But as details surface about his relationship with Jeffrey Epstein, that carefully crafted image is eroding. WSJ’s Emily Glazer reveals the lengths that Gates’s team has taken in order to burnish his reputation, and how it’s slowly cracking. Jessica Mendoza hosts. Further Listening: - How Jeffrey Epstein Made Millions From His Connections - The Growing Fallout From the Epstein Files Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sweden, once considered by many as the standard bearer of high-tax and high-spend government, has embraced capitalism. WSJ’s Tom Fairless reports on how the Nordic country privatized large swaths of its healthcare and school systems, promoted business and shrank the state. Ryan Knutson hosts.   Further Listening: - Germany’s Economy Is Spiraling. Can War Fix It? - China's Cheap Goods Are Europe's Problem Now Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the World Cup begins this week, we bring you a two-part Sunday special charting how FIFA built the World Cup into a global phenomenon and how it became marred in scandal and corruption. In Part 1, WSJ soccer experts Jonathan Clegg and Joshua Robinson go back to the World Cup’s origins — how it grew from a small tournament in Uruguay into a massive empire. And how an investigation by the U.S. Department of Justice prompted a moment for reckoning for FIFA. Ryan Knutson hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

The collective credit card debt of Americans has reached an all-time high of $1.25 trillion. Soaring interest rates and stubborn inflation have also led more people to be late making their credit card payments or not paying at all. WSJ’s Dan Frosch reports on why that debt is growing and where people can turn for help. Jessica Mendoza hosts. Further Listening: Swipe, Spend, Repeat: The Perks Arms Race in Your Wallet Student-Loan Debt Is Strangling Gen XSign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices