Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter

Elon Musk has become the world’s first trillionaire due to SpaceX’s record-breaking IPO, which values the company at over $2tn. AI investments are also driving high valuations for companies like OpenAI and Anthropic, both expected to go public this year. The Guardian’s Blake Montgomery notes that financial futures are now tied to AI’s success or failure.