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WSJ What’s News

SpaceX Files for What Could Be the Biggest IPO Ever

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 1 April 2026

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for April 1. Elon Musk’s company has filed confidential paperwork with regulators to go public, with shares listed this summer. WSJ reporter Corrie Driebusch explains why that timing is critical for the company’s long-awaited stock market debut. Plus, Anthropic is scrambling to contain the fallout after it accidentally exposed source code behind its popular AI agent app Claude Code. Journal tech reporter Sam Schechner joins to discuss what this means for the company that’s built its reputation on security. And President Trump trades barbs with Iran over control of the Strait of Hormuz, even as he threatens to take the U.S. out of NATO. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

How are the U.S. businesses of Philip Morris International invested in America?

0:05.0

We're invested in advancing science, giving adults who smoke better options.

0:10.0

We're invested in American manufacturing, helping local economies thrive.

0:15.0

We're invested in community, supporting military veterans and their families,

0:19.0

disaster relief, and economic empowerment.

0:22.5

Because we're proud to be invested in America. See how at uspMI.com.

0:33.5

The Supreme Court hears arguments on birthright citizenship. The outcome could redetermine who gets to be an American.

0:40.2

You have people who have been relying on this automatic birthright citizenship for over a century.

0:46.5

And so I think that there's always concern about how whatever they decide will play out in the real world.

0:52.5

Plus, SpaceX files for what could be the biggest IPO in history.

0:57.0

And NASA's planning to go where no one has gone before, or at least not since 1972.

1:03.3

It's Wednesday, April 1st.

1:05.3

I'm Alex Osloaf for the Wall Street Journal.

1:07.2

This is the PM edition of What's News, the top headlines and business stories

1:11.9

that move the world today. The Supreme Court heard arguments today on possible limits to

1:19.6

birthright citizenship in the U.S. As expected, President Trump sat in on part of the hearing,

1:24.8

the first known example of a sitting president to attend arguments before the Supreme Court.

1:29.2

On the first day of his second term, Trump signed an executive order that would end automatic birthright citizenship for babies born to unauthorized immigrants or people living here temporarily.

1:39.0

At least six courts have already said the order violates the 14th Amendment.

1:43.3

WSJ legal affairs reporter Lydia Wheeler joins me now from Washington.

1:47.5

Lydia, what was the Trump administration's argument here?

1:49.9

So the Trump administration is arguing that the Citizenship Clause of the 14th Amendment

...

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