Verified source report
The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich
The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control Share your views on SpaceX’s stock market debut Elon Musk is now the world’s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq on Friday. With shares priced at $135 each, Musk’s aerospace and satellite maker soared to an overall market valuation of approximately $1.77tn – which raised Musk’s net worth (which had already hovered at the astronomical $813bn) into the $1tn stratosphere. Continue reading...
What happened
According to The Guardian’s source item, The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich, The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control Share your views on SpaceX’s stock market debut Elon Musk is now the world’s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq on Friday. With shares priced at $135 each, Musk’s aerospace and satellite maker soared to an overall market valuation of approximately $1.77tn – which raised Musk’s net worth (which had already hovered at the astronomical $813bn) into the $1tn stratosphere. Continue reading…
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-06-12T17:40:36+00:00.
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Source
Primary source: The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert ReichThe Guardian - 2026-06-12T17:40:36+00:00
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