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Kid Berwyn

(25,330 posts)
Fri Jun 12, 2026, 10:54 AM 10 hrs ago

Elon Musk becomes the world's first trillionaire with SpaceX's IPO

Source: CBS News

Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share.

Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet's second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes.

SpaceX formally setting its stock price at $135 boosted Musk's fortune to just over $1 trillion. The shares, which will trade under the ticker symbol "SPCX," are poised to begin trading on Friday after the Nasdaq Composite index opens at 9:30 a.m. If SpaceX rises above $135 per share, Musk's wealth will climb further, though he could fall below the trillionaire threshold if the stock sinks.

Snip…

Musk's surging fortune represents a "new Gilded Age" of wealth inequality, Oxfam America senior director of economic justice Nabil Ahmed said in a statement.

"Elon Musk's rise to trillionaire status marks a new pinnacle of oligarchy," Ahmed said.



Read more: https://www.cbsnews.com/news/elon-musk-spacex-ipo-trillionaire-wealth/



Hope it all ends up in the pockets of Epstein’s victims and their families.
25 replies = new reply since forum marked as read
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Elon Musk becomes the world's first trillionaire with SpaceX's IPO (Original Post) Kid Berwyn 10 hrs ago OP
Only goal left is going to Mars Pinback 10 hrs ago #1
Werner von Braun called the guy, the "Elon." Kid Berwyn 10 hrs ago #4
Ditto this: Alice B. 10 hrs ago #2
For some reason, Elon liked Epstein a lot. Kid Berwyn 10 hrs ago #7
What's that saying about the company people keep? Alice B. 1 hr ago #25
bet Drumpf & family got hkp11 10 hrs ago #3
Fucking disgusting. He belongs in prison. Initech 10 hrs ago #5
Barf Andy Canuck 10 hrs ago #6
Wow, damn! Polybius 9 hrs ago #8
... littlemissmartypants 9 hrs ago #9
NASDAQ says trading delayed on SPCX James48 9 hrs ago #10
These "IPO" stock offerings are fascinating........ popsdenver 8 hrs ago #13
Ain't meritocracy grand? Midnight Writer 9 hrs ago #11
No they are not. And I would like to tell them where they can shove 1 trillion dollars. Initech 6 hrs ago #20
Yuck. efhmc 8 hrs ago #12
This just ain't right...... Bayard 7 hrs ago #14
Especially by GDP EX500rider 5 hrs ago #21
Quants are crunching the numbers, you can still pay $174 for a $63 company bucolic_frolic 7 hrs ago #15
OK, now he can die a happy man liberalgunwilltravel 7 hrs ago #16
When DOGE trials come along purr-rat beauty 7 hrs ago #17
DOGE was a scam and a pyramid scheme. Initech 6 hrs ago #19
Well hell Eloon, I'm so glad to pay taxes to make YOU a Trillionaire. Bengus81 7 hrs ago #18
now billionaires will feel inadequacy Skittles 4 hrs ago #22
At least Elon is using it for Good LessAspin 4 hrs ago #23
What's he going to spend his money on besides Ketamine and politicians? Yo_Mama_Been_Loggin 4 hrs ago #24

Pinback

(13,684 posts)
1. Only goal left is going to Mars
Fri Jun 12, 2026, 10:59 AM
10 hrs ago

Don’t let the podbay door hit your ass on the way out.

Kid Berwyn

(25,330 posts)
4. Werner von Braun called the guy, the "Elon."
Fri Jun 12, 2026, 11:05 AM
10 hrs ago
Before Musk was born…

In 1953, former NAZI, Project PAPERCLIP import, and father of the V-2 and Saturn-V rockets, Dr. Werner von Braun, published Project Mars, a science fiction novel to generate interest in rocketry and manned space exploration. Von Braun's book also mentioned the name of the man who would lead a 10-person "Kabinett" to administer Mars. Coincidentally or not, Von Braun named the fellow, Elon.



PDF to same.

This really, really bugs me.



An excellent article from The Debrief:



Did Wernher von Braun Actually Predict Elon Musk Would Rule Mars Over 70 Years Ago?

by Tim McMillan
The Debrief, January 28, 2025

In the annals of space exploration history, a curious coincidence recently captured the imagination of science enthusiasts and conspiracy theorists alike.

On January 27, a social media claim went viral, alleging that Wernher von Braun, the famed German-American rocket scientist, had predicted a leader named “Elon” would guide humanity’s colonization of Mars. This claim originates from a passage in The Mars Project, an obscure science fiction book by von Braun in 1948.

Snip...

However, a closer examination of the facts—and the historical context surrounding von Braun’s work—potentially offers a more nuanced and ultimately less mystical explanation for the bizarre coincidence.

Snip...

In the text, von Braun envisions a Martian society with a political structure akin to a technocracy. The leader of this society is referred to as “Elon,“ a title rather than a proper name.

“The government of Mars consisted of ten men. At its head was a governor elected by the general population for five years at a time, whom the Martians called the ‘Elon,‘” von Braun wrote.

Why von Braun chose the name “Elon“ for the leader of the Martian colony in The Mars Project remains a subject of speculation. One plausible explanation is that von Braun, who was once a member of the Nazi Party and came to America through Operation Paperclip, likely deliberately avoided German words commonly associated with leadership titles, such as Führer, due to their apparent connections to Adolf Hitler.

Continues...

https://thedebrief.org/did-wernher-von-braun-actually-predict-elon-musk-would-rule-mars-over-70-years-ago/



Some passages seem to have struck and stuck.



A self-fulfilling wannabe Martian dictator uh leader displays a non-traditional gesture of salutation.

Alice B.

(753 posts)
2. Ditto this:
Fri Jun 12, 2026, 10:59 AM
10 hrs ago

“Hope it all ends up in the pockets of Epstein’s victims and their families.”

And save a little toward the other damage he’s wrought.

Kid Berwyn

(25,330 posts)
7. For some reason, Elon liked Epstein a lot.
Fri Jun 12, 2026, 11:13 AM
10 hrs ago
Elon Musk had more extensive ties to Epstein than previously known, emails show

Newly released files from DoJ show the pair making plans in 2012 and 2013 for the Tesla CEO to visit Epstein’s island


Elon Musk had more extensive – and more friendly – communications with the financier and sex offender Jeffrey Epstein than previously publicly known, according to documents released on Friday by the Department of Justice. Emails in the files appear to show the two cordially messaging each other on two separate occasions to make plans for Musk to visit Epstein’s island.

The documents include Musk and Epstein emailing in both 2012 and 2013 to determine when Musk should make the trip to Little St James. Neither exchanges appear to have resulted in Musk visiting the island, due to logistical issues.

“Will be in the BVI/St Bart’s area over the holidays. Is there a good time to visit?” Musk states on 13 December 2013.

“any day 1st - 8th . play it by ear if you want. always space for you,” Epstein replies.

Continues…

https://www.theguardian.com/technology/2026/jan/30/elon-musk-epstein-files-island-visits

Alice B.

(753 posts)
25. What's that saying about the company people keep?
Fri Jun 12, 2026, 08:04 PM
1 hr ago

The rot in these people is at a scale that just defies understanding. Cartoon villains, real world damage.

littlemissmartypants

(35,076 posts)
9. ...
Fri Jun 12, 2026, 11:31 AM
9 hrs ago


I'm manifesting a the bigger they are, the harder they fail scenario for eloon, and the sooner, the better.

He's a leech.

He should be on everyone's sh¡t list because of the damage he and his blindly allegiant hired hit men did to USAID and the rest of our republic.

Unfortunately, he has a large cult following of mostly misogynist incel bros.

He is a disgustingly vile pasty white nationalist drug addict pseudointellectual nazi.

I will celebrate his ultimate and final elimination.

James48

(5,266 posts)
10. NASDAQ says trading delayed on SPCX
Fri Jun 12, 2026, 11:31 AM
9 hrs ago

They are still trying to match up buyers and sellers in pre-market and standing orders- it’s been going as high as $175 in pre-market , and they are saying (it’s at $160 as of 11:20 ) it will be a while before they are done with all the preorders run through-orders and ready to actively trade.

popsdenver

(2,746 posts)
13. These "IPO" stock offerings are fascinating........
Fri Jun 12, 2026, 12:53 PM
8 hrs ago

As I have witnessed, only the UBER rich clients are allowed to buy the IPO stock...........

Sooooo, classically what happens is, they are allowed to buy the stock at the opening price that is established........In this case....135?/share
The price always goes up radically in the first 2-3 hours, and then usually goes down. The UBER rich clients buy however many shares they have been "allotted" at the opening price, then sells three hours later before the peak, and before the price starts to retreat......
In this case they buy at 135 a share, and if they get out at 160 a share, they make approximately 20% on their investment in THREE HOURS......

Cute, huh.........

Midnight Writer

(25,924 posts)
11. Ain't meritocracy grand?
Fri Jun 12, 2026, 12:08 PM
9 hrs ago

This is just the beginning. Soon he will have three trillion, four trillion, more.

The sky is the limit.

He won't be the only one. Other billionaires are racing to get their trillions, too.

If we don't act to stop this, there will be about a dozen people owning 90% of our country's wealth.

Is that what we want? Are these people really each the value of tens of millions of regular working folks?

Initech

(109,490 posts)
20. No they are not. And I would like to tell them where they can shove 1 trillion dollars.
Fri Jun 12, 2026, 02:25 PM
6 hrs ago

EX500rider

(12,838 posts)
21. Especially by GDP
Fri Jun 12, 2026, 04:11 PM
5 hrs ago
Approximately 170 to 175 countries (out of roughly 195 recognized nations) have a nominal GDP of less than $1 trillion. Only about 21 to 23 countries worldwide have achieved an economy larger than the $1 trillion mark

bucolic_frolic

(56,179 posts)
15. Quants are crunching the numbers, you can still pay $174 for a $63 company
Fri Jun 12, 2026, 01:51 PM
7 hrs ago

Grab your phone and sign away your life now

($63 was the lowest of the models floated in a Morningstar article this morning, saw the link on Google Finance.)

purr-rat beauty

(1,546 posts)
17. When DOGE trials come along
Fri Jun 12, 2026, 01:57 PM
7 hrs ago

The American public deserve to get back some of their money

Fuck musk

Initech

(109,490 posts)
19. DOGE was a scam and a pyramid scheme.
Fri Jun 12, 2026, 02:25 PM
6 hrs ago

Elon played us and we fell for it. He deserves nothing but a lifetime in maximum security prison. And so do Bezos, Ellison, and Zuckerberg.

Skittles

(173,421 posts)
22. now billionaires will feel inadequacy
Fri Jun 12, 2026, 04:21 PM
4 hrs ago

and these same fuckers will whine about any suggestion to raise the minimum wage.........disgusting

LessAspin

(2,069 posts)
23. At least Elon is using it for Good
Fri Jun 12, 2026, 04:24 PM
4 hrs ago

If instigating Race Riots or helping to elect Trump were Good

NEW: The horrific racist attacks in Belfast this week were orchestrated by young members of the global Active Club network—neo-Nazis that promoted using violence in Northern Ireland. @davidgilbert.bsky.social w/ the scoop: www.wired.com/story/a-whit...

Andrew Couts (@couts.bsky.social) 2026-06-12T13:24:43.553Z


Elon Musk, on the verge of becoming the world’s first trillionaire, is whipping up anti-immigration tensions amid ongoing riots in Northern Ireland.

Musk called to prosecute politicians for allowing ‘dangerous third world savages’ into the UK.

The Verge (@theverge.com) 2026-06-11T15:57:38.746Z


Elon Musk spent 0 million getting Trump elected.

During this midterm cycle, he's spent million.

In total, that’s 0.0375% of his trillion net worth.

Oligarchs can rig the system at the expense of everyone else, and only spend pennies doing so.

We must get Big Money out of politics.

Robert Reich (@rbreich.bsky.social) 2026-06-12T19:01:08.535686Z
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