World Business Report

Elon Musk has become the world's first trillionaire after SpaceX shares soared following the company's stock market debut in New York. Andrew Peach examines what's driving the company's remarkable rise from its Starlink satellite business to the enduring appeal of the Musk brand.
Also on the programme, Switzerland is preparing to vote on proposals to limit population growth. But could restricting migration come at a cost to the country's economy?
And we'll assess the legacy of one of the art world's biggest names, as David Hockney dies aged 89, and ask what continues to make his work so sought after and valuable.
(Picture: A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon)

Today is the day SpaceX begins trading on public markets after raising around $75 billion in one of the largest listings on record, valuing the company at nearly $1.8 trillion.
Broader markets are also edging higher, with investors weighing whether enthusiasm around SpaceX is part of a wider surge linked to major AI-related listings still to come.
There is also growing focus on the personal implications of the listing. The scale of the valuation raises the possibility of Elon Musk entering the trillion-dollar club, prompting questions about what that means in practice
Presenter: Leanna Byrne
Producer: David Cann

El Niño has officially begun, according to scientists at the US National Oceanic and Atmospheric Administration. Will Bain examines what the climate phenomenon could mean for food prices, energy markets, economic growth and weather patterns around the world.

We'll also look ahead to Friday's huge Initial Public Offering in shares in SpaceX.

And the World Cup is under way. We hear from businesses and residents about the opportunities, disruptions and expectations as the tournament gets started.
(Picture:Indonesian farmers brace for possible dry spell linked to El Nino. Indonesia, June 4, 2026. REUTERS/Willy Kurniawan)

Wall Street is preparing for what could be the biggest IPO in history as SpaceX gets ready to begin trading on the public markets. We look at the final steps before launch, what investors can expect, and what the listing could mean for the wider technology and space sectors.
Also on the programme, the European Central Bank has raised interest rates for the first time in almost three years as policymakers respond to inflationary pressures across the eurozone.
Nearly a year after the crash of Air India Flight 171, investigators are expected to provide an update. But the inquiry has become increasingly controversial, with competing theories about what caused the disaster and growing scrutiny of the investigation itself.
And the World Cup kicks off in Mexico. We head to Atlanta, one of the tournament's host cities, to find out whether businesses and residents are ready for the economic opportunities and challenges that come with football's biggest event.
Presenter: Leanna Byrne
Producer: David Cann

Gideon Long dives into the latest US inflation figures after prices rose at their fastest pace in three years. We hear from American business owners on the front line of rising costs.

We also turn to China, where inflation remains far lower than in the United States, and examine what the latest figures reveal about the strength of the world's second-largest economy.

And with the FIFA World Cup approaching North America, how are businesses preparing for the economic opportunities the tournament could bring?
(Picture: Fuel prices are displayed outside a gas station in Washington, DC, USA, 22 May 2026.JIM LO SCALZO/EPA/Shutterstock)