<
https://www.theguardian.com/commentisfree/2026/jun/12/spacex-ipo-elon-musk-trillionaire>
"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.
What does this tell you about capitalism in this era? That it’s no longer based
on economic principles as they’re taught in school – prices set by supply and
demand. It’s now based on hype, connections and total, arbitrary control."
Via Susan ****
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
