Would the multiplied power be offset by the multiplied weight and potential loss of aerodynamics?
However, the speed would nowhere near double. Power required to overcome drag force is related to velocity cubed. So if you double power, the velocity will increase by a factor of (2)^1/3 or the cube root of 2, 1.259.
So if they added another rider of equal power and managed to keep drag the same (it would actually increase a little) they'd go around 25% faster or 107 mph. You may run into other problems like stability and bumpiness first though.