Musk says he always wanted SpaceX staff to get rich, and thousands just did

Editorial: More than a billionaire — a trillionaire!

The saying “the rich get richer and the poor get poorer” is not just a cliché. It’s the truth. Take the case of the rotten, fascist, white supremacist known as Elon Musk. Before the Initial Public Offering of SpaceX stock he was “just” a multibillionaire. The sale of stock at . . . Continue reading Editorial: More than a billionaire — a trillionaire! at Workers.org

Can SpaceX Stock Turn Everyday Investors Into Millionaires?

SpaceX's recent debut on the Nasdaq was the largest IPO in history.

Elon Musk has broken the rich list

Elon Musk’s net worth exceeds 1 trillion. Matt Rourke/AP Elon Musk is too rich for the rich list. The Tesla and SpaceX CEO, worth 1.1 trillion, is wealthier than the next four richest people combined. Musk lost more than Warren Buffett’s entire net worth on Monday. Elon Musk is now so wealthy that he’s making []

SpaceX’s Gwynne Shotwell pledges $320M in stock to Trump Accounts

SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around 162 a share, the pledge is worth over 320m. The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes [] This story continues at The Next Web

Nigel Farage Is a Hyper-Capitalist Ruled by His Own Greed

“I can spend it on Ferraris if I want.” Farage’s political career has made him fabulously wealthy while he pushes policies to make the rich richer – yet he has managed to convince working people that he has their best interests at heart. On Novara Live, journalist Paul Holden highlights how Farage’s economic agenda would “massively screw over his own voters”.

Michael Hiltzik: Is Elon Musk really a 'trillionaire'? Only on paper

Well, that's a fun ride, isn't it? SpaceX, which is controlled by Elon Musk, went public on June 12 at a stratospheric valuation that made Musk the first trillionaire in history. He retained that status, according to Bloomberg's billionaires ...

Does Elon Musk represent a new form of capitalism?

The SpaceX boss became the first trillionaire by defying business wisdom, upending financial standards and embracing far-right politics. On The Big View this week Peter Thal Larsen asks Quinn Slobodian, co-author of “Muskism”, whether Musk is a one-off or a model of the future. #News #Reuters #Newsfeed #TheBigView #elonmusk #spacex 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

MSCI’s SpaceX Rating Discredits the ESG Cartel

Elon Musk, the world’s richest man, recently became the first trillionaire in history when SpaceX—the rocket company he founded—debuted in a record-breaking IPO. Though market volatility has since pushed his net worth below the trillion-dollar mark in some trading sessions, the milestone endures, as does SpaceX’s groundbreaking innovation in reusable spaceflight and its expanding work...

Elon Musk’s SpaceX success shows how he’s sharing the wealth, not playing Monopoly

SpaceX IPO reportedly creates over 4,000 employee millionaires, from cafeteria workers to contract welders, showcasing broad wealth creation.

Elon Musk’s SpaceX Is Coming for Your 401(k), and the Left Is Going to Hate This

Elon Musk’s SpaceX Is Coming for Your 401(k), and the Left Is Going to Hate This

How Founder Control Is Reshaping Public Markets

SpaceX’s record-setting IPO gave public investors access to one of the world’s most valuable companies, but not equal voting rights. CEO Elon Musk holds just over 40 of the company’s equity while controlling more than 80 of the vote. IPO adviser Lise Buyer says dual-class shares can protect founders from short-term market pressure, but Harvard Law School’s Lucian Bebchuk warns that SpaceX’s structure goes much further, raising risks around accountability, succession, conflicts of interest, and shareholder value. Some investors, including Danish pension fund AkademikerPension, have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give superstar founders. (Source: Bloomberg)

How Elon Musk lost his trillionaire status just days after becoming first to achieve it 

The world’s richest person is no longer a trillionaire. Elon Musk’s estimated net worth went above 1 trillion on June 12 after SpaceX went public, but decreased to 957 billion as of June 24, according to the Bloomberg Billionaires Index. SpaceX shares closed at 160.90 when the stock began trading on Nasdaq on June 12 and...

SpaceX president is donating her stock to Trump Accounts for 2 million kids

Gwynne Shotwell and her husband are gifting SpaceX stock to children aged 11 to 17 in lower-income areas, worth more than 320 million

Gwynne Shotwell Says SpaceX Stock Gift Will Go to Children in Trump Accounts

SpaceX President Gwynne Shotwell says she and her husband will gift SpaceX stock to Trump Accounts for more than 2 million American children, days after President Donald Trump said he expected Elon Musk to contribute company shares to the program.

World : Musk To Remain World's Only Dollar Trillionaire For Long Time - US Expert

WASHINGTON, July 2 (Bernama-Sputnik/RIA Novosti) -- The world is unlikely to see new dollar trillionaires any time soon after SpaceX chief executive officer Elon Musk became the first to cross the US1 trillion personal net worth threshold, Jay Ritter, professor of finance at the University of Florida's Warrington College of Business, told RIA Novosti.

Newsom spent $57K jetting around Europe on tab of wealthy donors, robotaxi firm

Gov. Gavin Newsom’s ever-cozy relationship with wealthy donors and special interests helped fund 57,000 worth of flights, hotels and meals as he sought to raise his global profile and rub elbows with elites in Davos, Munich and London, according to records obtained by The Post. The overseas trips — which included appearances at the World []...Click to read more

SpaceX's biggest bull sees valuation soaring above $10 trillion

Raymond James analyst Brian Gesuale initiated coverage on SpaceX with a strong buy. He set an 800 price target, projecting significant future stock appreciation. Gesuale sees SpaceX revenue soaring to 5.2 trillion by 2035. This growth is primarily based on its nascent artificial intelligence business. The analyst believes AI will become SpaceX's largest revenue source by 2027.

The SpaceX IPO made history. Is the excitement still there?

A month on from the firm's stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.

Elon Musk’s trillion: built on the blood of Texas

Behind the mask of futuristic “innovation,” Musk’s wealth is built on destroyed communities, stolen wages, unearned tax breaks, and polluted waters. His companies wreck Texas and everyday people pay the price.

SpaceX IPO minting new millionaires in SoCal

The recent SpaceX initial public offering on June 12th has created thousands of new millionaires among current and former employees. This influx of wealth is significantly boosting demand for luxury homes, particularly those over $5 million, in Southern California's South Bay Beach communities, Venice, and Santa Monica, with ocean views and multiple bedrooms being top priorities. Subscribe: https://www.youtube.com/ktla?sub_confirmation=1

SpaceX’s IPO: Enriching the Few, Harming the Many

Investors and Elon Musk insiders have captured the massive gains of SpaceX’s record-breaking IPO, while ordinary households are left holding risk they never chose to take on — and facing the downstream consequences of extreme inequality.

SpaceX president pledges to donate stock to Trump Accounts

Gwynne Shotwell, the president and chief operating officer of SpaceX, said on Monday she and her husband will donate their own shares in the aerospace company to the Trump Accounts program. The initiative launched on Saturday, coinciding with the Fourth of July and gifting tax-deferred investment savings accounts to U.S. children born during President Donald []

SpaceX president donating stock to Trump Accounts

SpaceX President Gwynne Shotwell said Monday that she and her husband are donating stock in the newly public company to Trump Accounts for more than 2 million children. “My husband and I are honored and thrilled to participate in the Invest America program and gift a share of our SpaceX stock to a Trump Account...

SpaceX president to donate company stock to Trump Accounts; Katie Miller does the '$325 million' math

SpaceX president to donate company stock to Trump Accounts; Katie Miller does the '$325 million' math

This Unexpected Tech Founder Is Now Richer Than Mark Zuckerberg, Larry Ellison and Jensen Huang

This CEO is now one of the richest people in the world, with a fortune greater than 200 billion.

Ivo Vegter: Musk's trillionaire status a fantasy - SpaceX's physics problem blows up the valuation

Ivo Vegter: Musk's trillionaire status a fantasy - SpaceX's physics problem blows up the valuation

James Murdoch may have reaped as much as $7.5 billion from his pre-IPO investment in Elon Musk’s SpaceX

His early bet on the rocket company has likely made him much richer than his father Rupert Murdoch ever did.

Elon Musk: Does he deserve a trillion dollars?

He’s now the richest man in history

SpaceX: A $2 Trillion Valuation In A $350 Billion Body

SpaceX: A $2 Trillion Valuation In A $350 Billion Body

On the Left, Dogma Beats Reality

I wrote here about Zohran Mamdani’s hate-filled, anti-American July 4 rant. It was filled with poisonous distortions of American history, and Mamdani denounced “oligarchs”–an oligarch is any rich person who is not on the Left, and whose money liberals would therefore like to steal–and attacked Elon Musk as the world’s first trillionaire. (Relax, Zohran–Elon isn’t a trillionaire any more, as SpaceX shares have slid off their opening highs.) But I