The World's Richest Loser

June 27, 2026

Strong language alert!

Elon Musk Loses MASSIVELY as SpaceX Stock Plunges after Stunning Rating Blow

Elon Musk and Donald Trump are losing massively, with Musk's SpaceX stock plunging for a third straight day and falling even lower after receiving the lowest ESG rating.

John Iadarola and Tory Shulman break it down on The Damage Report. …


That SpaceX is going down and down is great news, in my humble opinion! Long may it lose value! It’s all a giant bubble anyway. Let us return to common sense in company valuations! — © Mark Alexander

Inside Elon Musk's Empire | BBC Americast

The US economy backs Elon Musk’s vision for sending people to Mars, the moon and beyond with SpaceX. Elon Musk’s rocket, telecommunications and artificial intelligence company SpaceX has listed on the Nasdaq stock exchange with a value of $2.2 trillion; making him the world’s first trillionaire in the process.

Other AI companies, including Open AI and Anthropic have plans to follow suit but what does that mean for the US economy and global financial stability?

In this episode, Justin speaks to Ryan Mac - an investigative technology reporter for the New York Times who has extensive experience covering Elon Musk and other leaders in the AI field.

SpaceX’s public valuation has made millionaires of many of its past and current employees and generated around $85 billion for the company; money that Elon Musk says is essential to fulfil the company’s plans to build bases on the Moon, put data centres into orbit and send human beings to Mars.

But what happens if those plans remain unfulfilled?

As more companies offer shares to investors and the general public, Justin and Ryan explore whether America is gambling on the promise of AI? And is the US economy becoming dangerously reliant on one industry?


Being generous of spirit, I hope Elon goes to Mars. I also hope that he stays there! 😊 — © Mark Alexander

Elon Musk: Wie gefährlich ist der erste Billionär der Welt? | Sandra Navidi

Kein anderer Tech-Gigant hat so viel Kapital, Macht und Einfluss wie Musk. Geht das für die Welt nach hinten los?

Der Börsengang von SpaceX hat Elon Musk zum ersten Billionär der Welt gemacht. Damit spielt der Tech-Titan in einer neuen Liga der individuellen Macht. Aber wie reich, mächtig und gefährlich ist Elon Musk wirklich? Darüber sprechen wir mit US-Expertin Sandra Navidi.

The Great Billionaire Theft of America: Musk, the Ellisons, and a Bipartisan Posse with Gil Duran

Jun 15, 2026 | Journalist and author Gil Duran joins Wajahat Ali to examine how billionaire influence has transformed American politics, media, and public life.

From Elon Musk and Larry Ellison to powerful tech investors and corporate donors, a small group of ultra-wealthy individuals now wield extraordinary influence over elections, public policy, information systems, and the economy.

Waj and Gil explore how both major political parties have increasingly relied on wealthy donors, why corporate power continues to expand regardless of election outcomes, and whether America is drifting toward a new era of oligarchic rule.

Has democracy been outspent by billionaires—or can ordinary citizens still reclaim power from the elite?

Wie Elon Musk und Peter Thiel die Welt zerstören | Jannis Brühl

Jan 23, 2026 | Geht es nach einer kleinen Elite von Techmilliardären, sollen in Zukunft gigantische Konzerne und eine gottgleiche Super-KI die Menschheit regieren. Klingt nach Science-Fiction, doch es ist ein Plan, der bereits umgesetzt wird. Schritt eins: Die Zerstörung der Demokratie.

Aber wie genau wollen die Techgiganten unsere Welt erobern und was können wir tun, um sie zu stoppen? Darüber sprechen wir mit SZ-Journalist und Autor Jannis Brühl.

Foto: Dominik Rösler

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

Finstere Anzeichen sieht Navidi im Mega-Börsengang von SpaceX: "Musk kann Wahrheit kaufen" | ntv

Jun 12, 2026 | "Elon Musk kann Einfluss, Fakten und die Wahrheit kaufen" - Finanzexpertin Sandra Navidi sieht im Mega-Börsengang von SpaceX finstere Anzeichen. Was im Zuge des Milliarden-IPO geschehe, sei zwar legal, aber dennoch höchst fragwürdig und die von Musk verkauften Visionen "völlig abstrus".

Elon Musk's Unchecked Power Is One More Sign of Rot in Trump's Regime.

Steve Schmidt gives us the low-down on this superrich welfare beneficiary. There are many of them in the billionaire class, don’t you know? All aspiring trillionaires, you understand. By the way, some people call them welfare queens! 😊 Their sugar daddy is the state! But they are firm believers in capitalism — for the little people, the masses; but when it comes to themselves, they believe in huge state subsidies and massive tax advantages. — © Mark Alexander

Elon Musk Will Be a Trillionaire ‘Fleetingly’ | Robert Watts

Jun 13, 2026 | “This is a valuation largely built on AI, and there are other more interesting businesses already making stronger advances.”

Elon Musk has been made a trillionaire, who is four times as rich anyone else on earth, by a valuation of SpaceX’s AI potential that is “north of a hundred times the annual revenue of the business,” says compiler of the Sunday Times Rich List Robert Watts.

How Elon Musk Became the Face of Broken American Capitalism

Jun 14, 2026 | Investigative journalist and founder of The Lever Dave Sirota joins Wajahat Ali to examine how Elon Musk's rise reflects deeper problems in American capitalism and the political establishment.

Waj and Dave discuss the role of government subsidies, regulatory policy, corporate lobbying, campaign financing, and media influence in helping create today's tech oligarchs. They explore how billionaire power intersects with politics, why accountability has become increasingly difficult, and what Musk's empire reveals about the relationship between wealth and public policy in the United States.

The conversation also looks beyond Musk himself to the broader system that rewards concentration of wealth, privatizes gains, socializes risk, and gives extraordinary influence to a small group of powerful individuals.

The central question: Is Elon Musk an exception—or the inevitable product of a political and economic system designed to benefit billionaires?

Elon Musk Becomes World’s First Trillionaire

THE TELEGRAPH: Tech boss’s net worth rises above $1tn mark as shares in SpaceX surge 20pc in initial trading

Elon Musk has become the first trillionaire in history after his SpaceX business floated on the stock market in New York.

The world’s richest man’s net worth soared above the $1tn mark (£860bn) as shares in his rocket business surged by 20pc in initial trading after the company went public on the Nasdaq stock exchange.

Mr Musk has a stake of around 43pc in the rocket venture, which was valued at $2.1tn (£1.8tn) as markets opened, on top of his shares in Tesla and his other start-ups.

SpaceX’s shares jumped to $162 in early trading, flying past its initial listing price of $135.

It means Mr Musk’s stakes in SpaceX and Tesla have crystallised into a $1tn paper fortune, although he is prevented from selling shares in SpaceX for at least one year under the terms of the float. » | Matthew Field | Senior Technology Reporter | Friday, June 12, 2026

The Chinese Car Company Beating Tesla | The Global Story

May 26, 2026 | In 2025, the Chinese electric vehicle giant BYD overtook Tesla as the world’s biggest seller of electric vehicles.

As conflict in the Middle East pushes up fuel prices and boosts demand for EVs, Chinese carmakers are seizing the opportunity. Driven by years of state-backed investment and industrial policy, China has quietly become the global powerhouse of EV production, leading the industry in technology, innovation, and affordability, while the US struggles to keep up.

In today’s episode, we speak to Suranjana Tewari, Asia Business Correspondent for BBC News. She explains what BYD cars are really like, and how China won the EV race.

SpaceX: Wie Elon Musk Investoren mit Science-Fiction Stories blendet

June 11, 2026

SpaceX’s I.P.O. Could Turn 4,400 Employees Into Millionaires

THE NEW YORK TIMES: While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too.

Screenshot taken from this NYT article. | Chelsea Beck
As Trevor Hise was getting ready to graduate from college in 2011, his parents wanted him to take what they saw as a stable job at General Electric. But Mr. Hise had landed an internship at a start-up he loved. Against his parents’ advice, he stayed for a full-time job at that young company for the next 12 years.

The start-up was Elon Musk’s SpaceX.

Today, Mr. Hise has more than 100,000 SpaceX shares that he earned from his time working there. With the rocket maker expected to go public this week at $135 a share, Mr. Hise’s SpaceX stock is likely worth at least $13.5 million — a sum that has left him in disbelief.

“The magnitude of this has been ridiculous,” said the 37-year-old, who worked as a SpaceX launch engineer and now considers himself semiretired.

SpaceX’s journey to the stock market has been defined by a series of superlatives. It is the biggest-ever initial public offering of the most dominant space company by the world’s richest man. And it is set to unleash generational wealth if its shares soar in its trading debut at the whopping valuation of $1.77 trillion, five times the market capitalization of General Electric.

SpaceX’s I.P.O. is expected to make a lot of rich people even richer. First in the queue is Mr. Musk, 54, who is likely to become the world’s first trillionaire. His friends, along with Silicon Valley venture capitalists, private investment firms and others who put money into the company, are also set to reap billions. » | Kirsten Grind Reporting from San Francisco | Wednesday, June 10, 2026

SpaceX Targets Biggest Ever Stock Market Debut, Putting Musk On Course to Be Trillionaire

THE GUARDIAN: IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth

Space X is seeking to raise about $75bn through its imminent initial public offering, a company filing on Wednesday revealed, which would make it the largest IPO ever.

If the stock market launch – primed for next week – goes accordingly, founder Elon Musk, the world’s wealthiest person, could be poised to make history as the first trillionaire.

The company, formally known as Space Exploration Technologies Corp., said on Wednesday it will sell 555.6m shares at $135 a piece.

The offering would give SpaceX a market value of $1.77tn. Only six companies in the S&P 500 are currently worth more, with Nvidia topping the list at $5.2tn. » | Uwa Ede-Osifo and agencie | Thursday, June 4, 2026

Elon Musk scheitert mit Klage gegen OpenAI und Sam Altman

BERLINER ZEITUNG: Eine Jury hat die Klage von Elon Musk gegen OpenAI und Firmenchef Sam Altman abgewiesen. Die Geschworenen kamen einstimmig zu dem Schluss, dass Musk zu lange mit seiner Klage gewartet hatte.

Dieses Bild stammt aus diesem Artikel. | Elon Musk kommt vor dem US-Bezirksgericht in Oakland an.| © Godofredo A. Vásquez/dpa
Im spektakulären Rechtsstreit um die Zukunft von OpenAI hat Tech-Milliardär Elon Musk eine deutliche Niederlage erlitten. Eine Jury vor einem Bundesgericht im kalifornischen Oakland entschied am Montag zugunsten von OpenAI, Sam Altman und Mitgründer Greg Brockman.

Die Geschworenen urteilten einstimmig, dass Musk die gesetzlichen Fristen für seine Klage überschritten habe. Richterin Yvonne Gonzalez Rogers erklärte anschließend, sie werde das Urteil übernehmen und Musks Ansprüche abweisen. » | Alexander Schmalz | Montag, 18. Mai 2026

Convoqué ce lundi devant la justice française, Elon Musk ne s’est pas présenté

LE FIGARO : L’homme d’affaires américain était convoqué ce lundi à Paris en audition libre dans le cadre d’une enquête sur de possibles dérives de son réseau social X.

Elon Musk, convoqué en audition libre à Paris dans le cadre d'une enquête sur de possibles dérives de son réseau social X, ne s'est pas présenté devant la justice française, a déclaré le parquet, sollicité par l'AFP, confirmant une information du Canard enchaîné. » | Par Le Figaro avec AFP | kundi 20 avril 2026

Elon Musk convoqué lundi devant la justice française dans le cadre de l’investigation sur le réseau X

LE FIGARO : Les investigations portent notamment sur des soupçons de complicité « de détention d’images » à « caractère pédopornographique » ou de « contestation de crime contre l’humanité ».

Elon Musk répondra-t-il à la convocation du parquet de Paris ? Le multimilliardaire américain est attendu ce 20 avril, en audition libre, dans le cadre de l'enquête menée par la justice française sur son réseau social X.

Début février, la justice avait diligenté une perquisition dans les locaux de X et convoqué l'homme de 54 ans à venir s'expliquer, dans le cadre d'une enquête sur les dérives présumées de son réseau social. » | Par Le Figaro avec AFP | samedi 18 avril 2026

Joni Askola: The USAID Massacre: How Musk's DOGE Became Deadlier Than ISIS

February 19, 2026