Marketplace All-in-One

The Bureau of Labor Statistics released its May jobs report earlier this morning. The economy created 172,000 jobs last month. The unemployment rate stayed at 4.3%, and the April number was revised up by 64,000 jobs. Who's doing all this hiring? Also on the program, global food prices stabilized last month, but we're not out of the woods yet. And we'll check in on the momentum of the $100 billion wedding industry.

SpaceX is expected to go public next week in what could be the biggest initial public offering ever. Anthropic has also filed for an IPO, likely later this year; OpenAI is moving in that direction, too. With all the hype around these companies, should retail investors — or regular people, for that matter — get in on these IPOs? We do the numbers so you don't have to. Plus, migrant workers in Italy are organizing for better conditions, and Anthropic wants coordinated plans for slowing AI development.

SpaceX is targeting a $1.77 trillion valuation, but some analysts think it's worth half that. Plus, Florida sues OpenAI — the first state to take legal action against an AI company.

But first, President Donald Trump signed an executive order this week, similar to the one he called off last month, asking AI companies to give the government a first look at advanced models that could have national security implications. It comes after models like Anthropic's Mythos have raised cybersecurity concerns for reportedly being too good at finding and exploiting software vulnerabilities.

Marketplace’s Meghan McCarty Carino spoke with Liz Lopatto, senior reporter at The Verge, to learn more.

Everything we talked about:

“PROMOTING ADVANCED ARTIFICIAL INTELLIGENCE INNOVATION AND SECURITY” from the White House

“Trump Signs Executive Order Seeking Oversight of A.I. Models” from The New York Times

“SpaceX: What Investors Need to Know About Its Enormous Upcoming IPO” from Morningstar

“SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says” from CNBC

“Attorney General James Uthmeier Files First-in-the-Nation State-Led Lawsuit Against OpenAI, CEO Sam Altman for Deceptive Practices and Harms to Floridians” from Florida’s Attorney General

“OpenAI Sued by Florida’s Attorney General Over AI Harms” from The Wall Street Journal

Oil inventories have fallen drastically since President Trump launched the war against Iran. But it’s not because we’re suddenly using more fuel. Instead, the U.S. is exporting much more oil than usual — to places that can’t get enough with the Strait of Hormuz blocked. All this will have knock-on effects for oil prices in the U.S. for months to come. Plus: Investors want to yank more money from private credit firms, your social media algorithim is likely full of “stealth ads,” and we visit the elk antler market in Jackson Hole, Wyoming.

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SpaceX is set to go public next Friday. If all goes according to plan, the company is seeking a valuation of nearly $2 trillion. That would be the biggest initial public offering on record, and it would make CEO Elon Musk the world's first trillionaire. We'll learn more. Then, as part of Marketplace's "What's That Like?" series, we head to Zigong, China, to learn what it takes to be a master lantern artisan.