How Elon Musk’s new rocket could transform the space race
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 October 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/ee0421e8-e101-4b0b-811e-0125c6be2449
Henry Kravis and George Roberts stepped down from KKR on Monday after nearly half a century in charge of one of the most formidable financial enterprises that Wall Street has ever known, the price of US crude oil hit a fresh seven-year high on Monday on fears that fuel demand was recovering faster from last year’s economic slowdown than producers could bring supply to the market, and Elon Musk hopes that Space X’s Starship will help take humans to Mars while rivals fear it will dominate US deep space exploration.
US oil benchmark hits another seven-year high amid supply fears
https://www.ft.com/content/fbd93abc-beae-49b1-a9dc-b648aaccdb55
Henry Kravis and George Roberts step down as KKR chiefs - with Antoine Gara
https://www.ft.com/content/242ff7f2-4f31-4fc1-9f73-fe5db25260a1
SpaceX: how Elon Musk’s new rocket could transform the space race - with Richard Waters
https://www.ft.com/content/25e2292b-a910-41c8-9c55-09096895f673
Three economists share Nobel Prize for pioneering ‘natural experiments’
https://www.ft.com/content/529519b0-d799-4217-9aa6-975db28ab478
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:04.0 | Today is Tuesday, October 12th, and this is your F-T news briefing. |
| 0:09.2 | Oil prices keep going up and up, and two of the most famous names in private equity |
| 0:13.8 | are stepping down from the company they founded nearly half a century ago. |
| 0:18.4 | Plus, the billionaire space race may not be much of a race after all, because Elon Musk |
| 0:23.9 | is so far ahead. |
| 0:24.9 | You know, nobody else is being able to catch up with him, and if anything, he's getting |
| 0:30.0 | further ahead. |
| 0:31.0 | I'm Lauren Fidor, in for Mark Filipino, and here's the news you need to start your day. |
| 0:40.9 | US crude oil prices hit a seven-year high yesterday. |
| 0:44.8 | The increase is driven by fears that demand is outstripping supply. |
| 0:49.1 | The benchmark West Texas Intermediate went past $82 a barrel, and ended the day just |
| 0:54.6 | over $80. |
| 0:56.8 | Oil prices have been rising as the global economy has rebounded and amid a shortage of natural |
| 1:01.4 | gas. |
| 1:03.0 | American consumers are now paying more at the pump than they have in seven years, making |
| 1:07.6 | oil prices a potential liability for the Biden administration. |
| 1:16.0 | And a big changing of the guard on Wall Street. |
| 1:19.0 | Yesterday, Henry Kravitz and George Roberts stepped down as co-CEOs of KKR. |
| 1:25.2 | They founded the firm nearly half a century ago, and are known for pioneering the private |
| 1:29.8 | equity buyout. |
| 1:31.0 | And really took that from a niche industry in the 1970s into one of the most important |
... |
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