Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX has made history with the biggest-ever IPO ever after opening at $150 per share, 11% above its offering price after the stock began trading on the Nasdaq on Friday. The listing values the rocket and AI-company that Elon Musk founded at roughly $2T, with his own fortune now standing at nearly $1.05T. Top guests across Bloomberg Businessweek Daily share their thoughts on the historic IPO.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:
Bailey Lipschultz, Bloomberg News IPO Reporter
Max Chafkin, Host 'Everybody's Business' on Elon's world
Anthony Hughes, Bloomberg News US ECM Reporter and Nic Colas, DataTrek Research Co-Founder on StarLink combining with Tesla
Ross Gerber, Gerber Kawasaki Wealth & Investment Management, President and CEO
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Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s empire into one of the most valuable public companies in the world.
The stock climbed as high as $176.52, or 31% above its offering price, less than two hours after the shares started trading shortly before noon in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.
For instant reaction and analysis, Bloomberg's Kailey Leinz speaks with:
Yahaira Anand, Bloomberg Television Reporter
Craig Trudell, Bloomberg News Managing Editor of Global Business Coverage
Ed Ludlow, Bloomberg Tech co-host
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Eighty-five percent of recorded music revenue in the U.S. now flows through streaming, and 100,000 AI-generated tracks are being uploaded to those platforms every single day. Because royalties come from a shared pool divided by total streams, every AI track added dilutes what human artists get paid. Napster was about unauthorized distribution — taking music without paying for it. AI goes further: it uses recorded performances to generate competing content that can displace the originals entirely. AI isn't the only threat to the royalty pool — AM/FM radio has operated the same way for decades, playing music without paying performers a cent. The American Music Fairness Act would close that loophole; session musicians, backup singers, and studio players deserve to be paid, the same way every streaming and satellite service already does. And the U.S. is one of the only countries in the world that doesn't require broadcasters to pay performers, so American artists forfeit overseas royalties that end up flowing to foreign artists instead. AMFA would fix that and keep American earnings in American pockets.

For more on AI generated music, Carol and Tim Stenovec spoke with Michael Huppe, President and CEO of SoundExchange, the organization designated by the U.S. government to administer digital performance royalties.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The most watched sports showdown on Earth - the FIFA World Cup starts today in Mexico City. This year's games will be hosted in three countries - the US, Mexico and Canada - across 16 cities, with 48 teams competing, the most ever. This comes as the event is being overshadowed by political tensions, including conflicts between the US and Iran - driving up fuel prices and creating economic strain for fans.

On this episode, Carol Massar and Tim Stenovec speak with:
Randall Williams, Bloomberg News Senior Reporter AND Vanessa Perdomo Maglione, Bloomberg News Sports Business Reporter
Ed Ludlow, Bloomberg Tech Co-Host AND Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX IPO latest
Stephen Carroll, Bloomberg Daybreak Europe Host on 'Europe Is Finally, Slowly Getting Its Act Together'
Dr. Sylvia Kwan, CEO of Ellevest on the feminization of wealth and 'wealthcare' for wealth management
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Incline Village has become a billionaires' playground with prime lakefront property, alpine seclusion, and no state income taxes, attracting ex-Californians. The sales volume for single-family homes in Incline Village and Crystal Bay surged to roughly $232 million in the first quarter, with 22 homes sold for more than $2 million. The influx of wealth is raising eyebrows among locals, who worry that the town is transforming into a luxury ZIP code with room for ultrarich tech titans and few others.

For more, Carol and Tim Stenovec spoke with Eliyahu Kamisher, Bloomberg News California Reporter
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