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Chapter 1: What is the main topic discussed in this episode?
A Listener Production. Hey, Sasha Barber Gatt with you. Welcome to The Briefing. Elon Musk is likely to become the world's first trillionaire in the next few days. There's no denying it. That sort of money is impossible to wrap your head around. So what does this new era in the world's wealth mean?
The kind of wealth we're talking about is basically infinite and it gives him an enormous amount of power, an enormous amount of influence. I mean, his wealth is bigger than most countries.
Chapter 2: What recent political donations did Pauline Hanson discuss?
And, you know, whether or not that's going to be a good thing for humanity, I think most people would say no.
That chat is coming up in the second half of this episode. But first, it's time for the headlines with Chris Spirou on Friday the 12th of June.
Morning, Sash. Happy Friday to everyone listening. We are starting with Aussie politics, and Pauline Hanson says the more than $2.5 million her party has raised this week to get Anthony Albanese out of government is legit, and that she's got the receipts to prove it.
It comes after several politicians, including the Prime Minister, cast doubt on the veracity of the donation sum on One Nation's Fire the Liar fundraising page, which yesterday morning surpassed $1 million.
Did she though? Did she? What evidence is there? It is an example of slogans being put forward and not substance.
The One Nation leader was quick to fire back yesterday.
Why would I call out the liar, fire the liar, then go and do something like that myself?
Hanson later took to socials posting what she said was an independent audit document proving the site and the money is, quote, ridgy-didge. As to what she's going to do with it, she's promising to use the money to go after Labor seats held by high-profile ministers like Chris Bowen and Tony Burke. Just want to quickly mention where those seats are and the significance around those seats.
So, Tony Burke represents the Federal Electorate of Watson in Sydney, which covers Bankstown, Punchbowl and Lakemba, among other suburbs. Now, that is an extremely high migrant population in those suburbs. Chris Bowen as well, his seat is McMahon, which is in a similar kind of area of southwest Sydney covering Fairfield, Smithfield, Wetherill Park and other suburbs.
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Chapter 3: Why did Donald Trump call off military strikes on Iran?
They've talked a lot about the potential growth at SpaceX. So, you know, they're the most successful company in terms of launching rockets in the world. They've almost got a monopoly in the private space launch business and, you know, launching more satellites into space, putting data centers into space, all that kind of stuff.
Earlier this year, he merged it with his AI company, XAI, as well as X, the company formerly known as Twitter. So it's this conglomerate now that has a few different businesses in it. So it gives people a lot of reasons to be enthusiastic about the potential growth at this company. You know, a lot of people are also skeptical about that.
You know, it's losing money at the moment, whether it can turn that around and justify this valuation, which people are talking about, you know, $1.75 to $2 trillion. I guess that remains to be seen, but... A lot of people have put their faith in Musk before. He rewarded that faith with the performance of Tesla shares for a long time.
And so there's a lot of retail investors who are very enthusiastic about SpaceX now.
You know, in a romantic view of the world, money is supposed to reward us for contributions to society. When we talk about sums as huge as Musk's wealth, can we say that a trillion dollars is an accurate reflection of the value he's brought to humanity?
I think that's a very important question. It's probably one that, as a journalist, it's better for me not to express an opinion on.
Certainly there's people out there who think that what he's done with Tesla in terms of making electric cars mainstream, with SpaceX in terms of making rocket launches a kind of a real business and not just the purview of sort of government entities and making it much cheaper, those are really kind of revolutionary things and they deserve to be rewarded.
At the same time, the kind of wealth we're talking about is basically infinite, and it gives him an enormous amount of power, an enormous amount of influence. I mean, his wealth is bigger than most countries, and whether or not that's going to be a good thing for humanity, I think most people would say no.
I want to stick with it a little longer. I know that as a journalist, you're kind of squirming at the question, but Elon Musk kind of does put humanity at the center of a lot of his public sweeping statements when it comes to his companies.
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