Should trillionaires be allowed?

Elon Musk becomes world’s first trillionaire after SpaceX mega float. To discuss further, Lewis Goodall spoke to multi millionaire entrepreneur Dr Ann Kaplan Mulholland. Musk's fortune has been boosted by the sky-high valuation of his rocket and artificial intelligence firm SpaceX on its stock market debut. Elon Musk is never far from the headlines and now the Tesla and X owner is making history once again after the blockbuster float of his SpaceX company has made him the world’s first ever paper trillionaire. The 54-year-old’s net worth was estimated at 982.6 billion US dollars (£733 billion) before the float, according to Forbes, which has swelled to more than one trillion dollars after the record-breaking initial public offering (IPO). His fortune has been boosted by the sky-high valuation of his rocket and artificial intelligence (AI) firm SpaceX, in which he has a 38% stake in total, worth 688 billion dollars (£514 billion) at the initial IPO price, even before shares rocketed on opening. This adds to his shares in Tesla, social media platform X – formerly known as Twitter – and smaller stakes in his brain interface startup Neuralink and his tunnelling firm Boring Company. His fortune has been boosted by the sky-high valuation of his rocket and artificial intelligence firm SpaceX on its stock market debut. Elon Musk is never far from the headlines and now the Tesla and X owner is making history once again after the blockbuster float of his SpaceX company has made him the world’s first ever paper trillionaire. Listen to the full show on the all-new LBC App: https://app.af.lbc.co.uk/btnc/thenewlbcapp #lewisgoodall #elonmusk #spacex #tesla #trillionaire #uspolitics #trump #LBC LBC is the home of live debate around news and current affairs in the UK. Join in the conversation and listen at https://www.lbc.co.uk/ Sign up to LBC’s weekly newsletter here: https://l-bc.co/signup