Source: Bloomberg
Summary
Elon Musk’s net worth has surpassed $1 trillion following the SpaceX IPO. Musk’s wealth has increased significantly, making him one of the richest individuals globally. SpaceX’s valuation has contributed to Musk’s increased wealth, amidst a period of growing controversy and criticism surrounding him.
Our Reading
The launch follows a familiar script.
Musk’s net worth hits $1 trillion, because of course it does. SpaceX IPO boosts his paper wealth, because that’s what IPOs do. Musk is now more hated and more powerful, because that’s what happens when you’re a billionaire with a Twitter account. The numbers are staggering, but the story is old. Another billionaire gets richer, and we’re all supposed to be impressed.
Author: Evan Null
