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Scott Galloway

πŸ‘€ Speaker
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90528 total appearances
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Podcast Appearances

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

You can walk away knowing exactly what was decided, who's involved, and what comes next.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Thank you.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Thank you.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

The World Cup is finally here.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Over the next six weeks, millions of fans will travel across North America to watch the world's most popular sporting event.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

But before a single trophy is lifted, one thing has already grabbed the headlines, and that is...

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

ticket prices the cheapest seats for the final at metlife stadium are selling for more than seven thousand dollars in several u.s host cities the cheapest tickets for the tournaments later rounds cost more than the average monthly mortgage payment so

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Scott, we got to just acknowledge how excited we are about the World Cup, of course.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

But this has been a really interesting issue here.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

You've said that FIFA is one of the most corrupt organizations in the world, which I 100% agree with.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

I think many people would agree with that too.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

And now it's sort of on display what they're doing

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

to get and make the most amount of money as possible.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

And some would say kind of grifting people who are attending the Cup.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

I'll just give you some numbers here.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

FIFA expects to generate $3 billion in ticket revenue this year.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

That's compared to $900 million at the last World Cup.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

So they've increased their revenue by 230%.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Adjusted for inflation, ticket prices are up roughly 1,000% since the last time the US hosted the World Cup in 1994.

Prof G Markets
SpaceX IPO Takes Off β€” And Elon Is Now A Trillionaire

Ticketing historically accounts for around 10% of World Cup revenue this year.