Elon Musk becomes the world's first trillionaire

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• 00:00

  This BBC podcast is supported by ads outside the UK.

• 00:36

  Today's episode is sponsored by Smart Travel, a podcast from Nerd Wallet.

• 00:40

  You know that one friend who always finds the best travel deals,

• 00:44

  picks the right credit cards and somehow ends up in first class for the price of coach.

• 00:48

  Smart Travel is like that friend.

• 00:50

  But in podcast form, Nerd Wallet's travel journalists sort out what's worth paying

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  for, from lounge access to travel advisors to hotel loyalty programs.

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  Make your travel dollars work harder.

• 01:01

  Follow Smart Travel on your favorite podcast app.

• 01:09

  I give SpaceX less than a 10% chance of succeeding at all.

• 01:15

  Even at the current valuation, I still believe in the vision of the company more so than money right now.

• 01:21

  It's World Business Report from the BBC World Service.

• 01:26

  This is Andrew Peach on the way, how SpaceX shares closed almost 20% up on the day,

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  valuing the rocket satellite and AI firm at more than $2 trillion.

• 01:36

  Also today, Switzerland votes on whether to limit its population, but could that damage its economy?

• 01:42

  And we'll look at the value of works by one of the world's most influential artists, David Hockney, who's died.

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  To start though with Elon Musk, the world's first trillionaire after his company SpaceX debuted

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  on the Nasdaq stock market in New York, shares closed almost 20% above their initial offer price,

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  valuing the rocket satellite and AI firm at more than $2 trillion.

• 02:10

  Mr Musk said his ambition was to take people to the moon, to Mars and beyond.

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