Elon Musk’s Businesses Are Having a Wild Week

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 20 April 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 20. SpaceX’s uncrewed Starship rocket exploded a few minutes after lifting off from a launchpad in South Texas this morning. That came a day after Musk’s EV business, Tesla, reported a 24% drop in profit, after a series of price cuts. And today was also the day Musk promised those legacy blue checkmarks on Twitter would disappear. Reporters Alexa Corse, Rebecca Elliott, and Micah Maidenberg join host Annmarie Fertoli to break everything down. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The scientists of today are creating the next big thing.
0:04.6	On the Wall Street Journal's future of everything podcast, get an early listen to what tomorrow
0:08.9	has in store.
0:10.9	Find us wherever you get your podcasts.
0:19.8	SpaceX's Starship explodes shortly after the test flight launched, capping a flurry of
0:25.4	news for Elon Musk's businesses.
0:27.4	A day after his EV company Tesla reported a drop in profit in the first quarter.
0:32.4	I think you have to think of all of this as one larger business empire and when you
0:39.9	have the central financial pillar of it on Shake Your Ground that has ramifications for
0:48.5	everything else.
0:49.9	And Europe's air traffic agency says it's under cyber attack from pro-Russian hackers.
0:55.5	Plus, why a battle between McDonald's and its franchisees is heating up.
1:00.6	It's Thursday, April 20th.
1:02.3	I'm Ann Marie Fertoli for the Wall Street Journal.
1:05.0	This is the PM edition of What's News, the top headlines and business stories that moved
1:09.8	the world today.
1:17.7	SpaceX's uncrewed Starship rocket exploded shortly after lifting off this morning from
1:23.3	a launch pad in South Texas.
1:25.9	As we'll hear from our guest, the expectations for this launch were guarded, which is why
1:30.3	when Starship did explode, onlookers on SpaceX's live stream cheered the progress it was
1:35.9	able to make.
1:52.9	It was the inaugural flight for the rocket, which SpaceX founder and CEO Elon Musk says he
	...

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