The Saturday Edition | 13 June 2026
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What are the biggest business stories of the week?
This is the Saturday edition of Fear and Greed, business news you can use. I'm Michael Thompson and good morning, Sean Aylmer. Good morning, Michael. Now, Sean, our Saturday show is a very different beast to the weekday show. It's all about the two of us each nominating what we think is the biggest business story of the week, competing over the most remarkable story, a mystery category that changes every week, and going head to head on our favorite story as well and we are joined by a judge to pick a winner because it is a competition if you haven't picked that up already uh and that judge is our colleague adam lang adam good morning good morning michael and good morning sean morning adam can i say my favorite part of this uh show every week is
Is the end. No, it's never knowing where or what Adam is going to do. I remember one day he didn't show up at all because he was asleep. Then the next week, randomly, he didn't appear in the studio. He suddenly just pops up on a video link. He goes, yeah, I'm in China. Like, okay, all right. That makes sense. This week he joins us again from another hotel room somewhere in the world, which it adds an element of mystery to the show. He's a mystery man. Yeah. No doubt.
Well, this week I've been in Melbourne for a little visit. And look at this. You gentlemen, you know, we love our luxury brands. Cartier. Cartier. Nice.
It's got nothing to do with you, I'm guessing.
Well, yes, I was clearly an interloper. So the National Gallery of Victoria has opened this exhibition of all the jewels. So there's 400 pieces. pieces in it and a room including 24 tiaras. So can you imagine me going to see this exhibition? It was absolutely amazing.
I was going to say, can you imagine me in a room of tiaras?
Yeah, I was wearing 24 tiaras. I thought you were going to.
That's right. I know you have a big head, but I don't think anyone can fit that many tiaras on at one time. Not all at once. No. All right. Let's jump into it. The bigger story this week. The bigger story. is the situation in the Middle East, right? There's no argument on that, but it is changing almost by the minute. it's not even by the hour anymore.
It's been disqualified.
Yeah.
We've disqualified it. Yeah. It's just too changeable. You know, if you're listening to this on a Saturday afternoon, the whole thing could have changed to what we thought when we record first thing Saturday morning.
Yeah.
So therefore we have disqualified it for being too inconsistent.
If you're listening kind of midway through Saturday morning, it will likely have already, likely already. It could be 7am. Totally different to what we're saying now. Have changed by the time we finish this sentence. Anyway, long story short, not part of it. We're going to pick our biggest stories and remarkable stories elsewhere from the world of business. Biggest story, Sean, what was it for you? Only the biggest IPO in history, Michael.
SpaceX. 30,000 Aussies getting on board last night. SpaceX hit Wall Street, offered 556 million shares, fixed price of 135 US dollars. Basically, 75 billion US it raised. Values the company about 1.8 trillion. You know, the biggest IPO ever. The next biggest is about a third the size. That was Saudi Aramco back in 2019. How do you explain SpaceX? Well, X is part of it, formerly known as Twitter, Twitter, Twitter, or Twitter. AI is part of it, the Elon Musk AI business. But mostly it's about, at this point, sending satellites to space. It used to cost about $12,000 a kilo to send a satellite to space. SpaceX has got it down to about $3,000. Could it get it down to about $200 a kilo? Massive game changer if that happens.
We also have Instropic and OpenAI set to list Alphabet wants to raise $85 billion. The tech this week with the listing of SpaceX in particular and the fact that 30,000 Australian retail investors via ComSec are on board. This week is the week for new tech. Let's call it that. So we're beyond Googling stuff. We're now in the AI era and there's a bunch of Aussie retail sectors getting involved. Remarkable. It's so extraordinary what they're talking about, putting data centers in space, talking about colonizing Mars.
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Chapters
4 chaptersSpeakers
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