Latest / The Front / Elon Musk to become world’s first trillionaire

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Elon Musk to become world’s first trillionaire · The Front

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  Speaker 1: Today's biggest news from The Australian. I'm Claire Harvey with
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  Speaker 1: the Front's afternoon headlines. He's already the richest man in
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  Speaker 1: the history of the world. Now Elon Musk is about
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  Speaker 1: to make history as the first trillionaire. Musk's company SpaceX
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  Speaker 1: is about to list on the Nasdaq, and its initial
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  Speaker 1: public offering seeks to raise nearly seventy five billion US
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  Speaker 1: dollars and send SpaceX's value towards two trillion US dollars.
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  Speaker 1: If you've got a Starlink satellite dish, you're already part
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  Speaker 1: of the dream, with revenue from the Internet service powering
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  Speaker 1: SpaceX's revenue and Musk's dream to help humans establish life
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  Speaker 1: on other planets. Musk owns forty two percent of SpaceX,
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  Speaker 1: which partners with NASA and pioneered the reuse of rockets
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  Speaker 1: to make missions into space. SpaceX shares are expected to
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  Speaker 1: be about one hundred and thirty five Australian dollars apiece
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  Speaker 1: at launch sums. Property tax shakeup is already causing unintended consequences.
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  Speaker 1: First home buyers are being beaten to the punch by
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  Speaker 1: investors keen to snap up newly built units the Albanesi
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  Speaker 1: Labour government announced on budget night the fifty percent capital
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  Speaker 1: gains tax discount would be replaced by inflation indexation except
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  Speaker 1: for new builds. That's seen investors rushing to buy, but
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  Speaker 1: Ray White chief economist narrator Conosby says there's a hitch.
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  Speaker 1: Consby told The Australian the slower capital growth of apartments
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  Speaker 1: may mean investors need to make up the shortfall with
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  Speaker 1: a stronger rental yield, that is, higher rents in a
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  Speaker 1: market where tenants say they're already at their limit. Donald
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  Speaker 1: Trump says America's war with Iran is effectively over unless
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  Speaker 1: US troops are killed by Iranian forces. The President says
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  Speaker 1: the ceasefire in place since the end of April is intact,
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  Speaker 1: despite Iran continuing to hold the straight of Hormals and
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  Speaker 1: ongoing rocket fire over the Persian Gulf.
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  Speaker 2: Right, so yeah, that part of the world seas fires.
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  Speaker 2: When you're shooting in a more moderate manner, it takes
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  Speaker 2: two to tangle. You understand that we hit them very
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  Speaker 2: hard on something sunrelated, and so they were responding.
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  Speaker 1: One person was killed this week when Iran fired on
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  Speaker 1: US bases and the International airport in kwait Us Secretary
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  Speaker 1: of State Marco Rubio said America's counterattacks aren't a resumption
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  Speaker 1: of the war. Check out those stories live right now
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  Speaker 1: at the Australian dot com dot a U and come
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  Speaker 1: back to the front first thing in the morning for
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  Speaker 1: a case that's gripped Britain and the world, the murder
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  Speaker 1: of an eighteen year old boy that's being weaponized by
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  Speaker 1: just about everyone.