Source: CounterPunch
by David S D’Amato
“Last week’s SpaceX IPO made Elon Musk the world’s first trillionaire, despite the fact that the company has lost tens of billions of dollars since it was founded almost 25 years ago. Shares of the company climbed steadily after markets closed on Friday, pushing its market cap to $2.2 trillion. The public conversation about Musk’s vast wealth often obscures the fact that he is actually a very fancy welfare recipient, having taken billions of dollars from the public coffers by even the most conservative measures.” (06/17/26)
https://www.counterpunch.org/2026/06/17/the-trillion-dollar-alarm-bell/