Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which has the largest IPO ever. Public trading in the company has valued it at more than $2 trillion. The eye-watering sums being invested in AI are also giving a boost to other tech giants including OpenAI and Anthropic. Both companies are expected to go public this year with nearly trillion-dollar valuations. Blake Montgomery, US technology editor at The Guardian, tells Kai Wright that with these IPOs, all of our financial futures are forever tied to the success of AI, and even more worryingly, its potential failure.
