This Is Oligarchy: Elon Musk Becomes World's First TRILLIONAIRE with SpaceX IPO

Jun 13, 2026 | Elon Musk has become the world's first trillionaire, with the IPO of his company SpaceX. He is a symbol of how the United States has become an oligarchy, where elections are bought by rich elites and large corporations, and extreme wealth is concentrated in a few hands. Ben Norton explains.

This is just the start! Now we have one trillionaire. How long will it be before we have many? That we have trillionaires at all is the result of Reaganomics and Thatcherism. That political duo were the start of this INSANITY. And the WEAK political leaders the West has had to tolerate ever since have allowed this nonsense to take shape. That we had multi-billionaires hundreds of times over was bad enough, but now, with the start of the trillionaire class developing, things are about to take a turn for the worse. Bleak times lie ahead for us little people! Goodbye democracy; hello servitude! — © Mark Alexander