SpaceX Could Be Biggest IPO Ever; House Votes To Limit Trump War Powers; Why Remote Work Is Worsening Youth Unemployment; Most Unusual Items Left Behind In Ubers

**Mosheh Oinounou** (0:00)
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Again, that's 50% off your first year at monarch.com with the code MoNews.

**Jill Wagner** (1:09)
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**Mosheh Oinounou** (2:04)
Hey everybody, it is Thursday, June 4th, 2026 You're listening to the Mo News podcast. I'm Moshe Oinounou.

**Jill Wagner** (2:10)
And I am Jill Wagner. This is the place where we bring you just the facts.

**Mosheh Oinounou** (2:14)
And we read all the news and read between the lines so you don't have to. As we're taping this, we're getting some details, Jill, on what could be, is set to be, the largest stock opening in history.
SpaceX, Elon Musk's company that also involves XAI, is set for the world's largest IPO, $135 a share next week. And if it actually goes out at that amount, it would value the company just under $1.8 trillion.

**Jill Wagner** (2:46)
And Elon Musk owns 50% of the company. So, do, do, do, do, do, do, do, do, move the zero.
I don't know, Mosheh, I think this makes him a trillionaire.

**Mosheh Oinounou** (2:56)
Several zeros, and it's literally dot the I cross the T in trillion, to spell trillion.
This could make, as of next Friday, that's the preliminary date, this will go public on the NASDAQ, Elon Musk could become the world's first trillionaire. Because his stake alone in SpaceX at this price is about $750 billion just in SpaceX. And that's, of course, he's got Tesla and the rest of his net worth there. That's already north of $500 billion. So some pretty remarkable numbers there that continues to show you the divide we've been talking about between Main Street and Wall Street, Wall Street gangbusters right now. And we're headed into a frenzy between SpaceX and also the upcoming likely IPOs of Anthropic and OpenAI.

**Jill Wagner** (3:39)
All right, let's get to some headlines here. Starting in California again, the latest on the race for governor of the state and the mayor in Los Angeles, who is in the lead with millions of votes still left to count.

**Mosheh Oinounou** (3:50)
We're waiting California.

**Jill Wagner** (3:52)
Overseas major protests in the UK as British police release body camera footage of a dying teen. Why critics say that there is a two-tier justice system against white Britons.

**Mosheh Oinounou** (4:06)
And the latest on the move by the UK to block two left-wing commentators from here in the US. You might know Cenk Uygur of the Young Turks and his nephew, Hasan Piker, a streamer on Twitch, both blocked from entering the United Kingdom. We'll explain why.