{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/619faf1af8d4dc0013bca20f/6a2973f2518f9f10eb7fb555?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?","description":"<p>First up on this week’s episode of Inside Business is Elon Musk's company SpaceX and its plan to raise $75 billion through what will likely be the biggest initial public offering (IPO) in history this Friday.</p><p><br></p><p>The company values itself at $1.75tn, but some analysts feel it is worth far less.</p><p><br></p><p>Could it prove to be a risky bet for the retail investor given SpaceX's lack of profit? </p><p><br></p><p>And there are question marks over governance given Musk's almost untouchable status within the company.</p><p><br></p><p>To get some insight on all this, host Cliff Taylor was joined in studio by Aidan Donnelly, head of Global Equities at Davy.</p><p><br></p><p>Plus, European Central Bank President Christine Lagarde is expected to announce a 0.25% rise in the ECB's interest rate, this will bring it up to 2.25%.</p><p><br></p><p>It will be the first interest rate hike since 2023, following Russia’s invasion of Ukraine and the impact that had on energy prices.</p><p><br></p><p>So, what does this week’s increase mean for Irish mortgage holders and those looking to buy?</p><p><br></p><p>And is this the beginning of a cycle of increases designed to control rising inflation?</p><p><br></p><p>Cliff was joined in studio by Senior Mortgage Advisor at Irish Mortgage Brokers, Michael Dowling.</p><p><br></p><p>Produced by John Casey with JJ Vernon on sound.</p>","author_name":"Inside Business with Ciaran Hancock"}