World Cup ticket prices are a red card for fans
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 June 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
SpaceX has raised $75bn in a record-breaking initial public offering, and the European Central Bank became the first central bank in the G7 to increase borrowing costs in response to the Middle East energy shock. Plus, the World Cup could have a lot of empty seats.
Mentioned in this podcast:
Elon Musk’s SpaceX raises $75bn in world’s biggest IPO
ECB raises interest rates for first time since 2023
Fifa faces empty seats as 180,000 World Cup tickets hit resale market
Credit: New York City Mayor’s Office, European Central Bank
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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Friday, June 12th, and this is your FT News briefing. |
| 0:08.8 | Space X's Blockbuster IPO debuts today, and interest rates are back up in the Eurozone. |
| 0:15.4 | Plus, there might be some empty seats at the World Cup. |
| 0:18.8 | The real fans are the fans that really can't get in because of the ticket prices. |
| 0:23.2 | The ticket prices are now for the people who have money. |
| 0:26.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:39.4 | Today is the big day. |
| 0:41.9 | Elon Musk's SpaceX is going public, |
| 0:44.5 | and here are the three numbers you need to know. The rocket slash AI company raised $75 billion. |
| 0:49.7 | The group is releasing 555.6 million shares, |
| 0:58.5 | and here's the big one. They'll be worth $135 a piece. |
| 1:05.2 | SpaceX plans to pour the capital into projects ranging from AI infrastructure to new satellite constellations. |
| 1:12.8 | Now, to put this all into context, Alibaba had the most valuable IPO prior to this one. It went public in 2014, and shares were worth almost $86 in today's money. Compare that with the $135 share |
| 1:19.8 | price for SpaceX. The listing comes during a volatile week for U.S. markets, and other |
| 1:25.4 | blockbuster IPOs are gearing up too. Anthropic and OpenAI are all |
| 1:30.1 | racing to go public. |
| 1:37.3 | The European Central Bank raised interest rates yesterday for the first time since 2023. It was just a |
| 1:43.9 | quarter percentage point, and it brings |
| 1:45.6 | interest rates back to the level from a year ago. But it's big news. The war in the Middle East |
| 1:51.0 | is generating inflation pressures, and the decision to raise rates is mapping out how the |
| 1:57.5 | shock might evolve and affect the medium-term outlook for the euro area. |
| 2:03.1 | That was ECB President Christine Lagarde yesterday. A lot of people were watching her words carefully. |
... |
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