Elon Musk no longer a trillionaire as AI bubble pops and SpaceX crashes

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  • Post last modified:24 June 2026

On Friday 12 June, Elon Musk became the world’s first trillionaire. He achieved this on the back of his company SpaceX going public, despite said company not being profitable. This has inevitably led to the following: JUST IN: SpaceX lost $1 trillion in market cap since last week — Kalshi (@Kalshi) June 23, 2026 Oh, and thanks to all this, the wretched Musk has already lost his ‘trillionaire’ status: Elon Musk is no longer a trillionaire after a global rout in tech shares wiped $500bn (£379bn) off his fortunehttps://t.co/XYksFxIBdq pic.twitter.com/IMDRbV9LwZ — The Telegraph (@Telegraph) June 24, 2026 Hey Elon Musk: money…

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Client journalists defend Musk becoming a trillionaire

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  • Post last modified:15 June 2026

Elon Musk — the seig-heiling owner of X — has become the world’s first trillionaire. As we’ll explain, he’s achieved this by leveraging his power, influence and shamelessness to prove that capitalism is every bit as rotten as we said it is. However, if you ask one of the many thoughtless establishment journalists out there how he became so wealthy, they’ll tell you ‘Elon gets lots of money because he makes rockets good‘. Amid all the predictable seething jealousy and bitter resentment to this news, I’d like to congratulate @elonmusk on an astounding achievement. He’s got there by being the most…

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Elon Musk is a threat to democracy, and now also a trillionaire (same thing, really)

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  • Post last modified:13 June 2026

Elon Musk has been all over the headlines today, 12 June, as he tips over the threshold to become the world’s first trillionaire. And inevitably, Musk is a walking, talking argument against the existence of such wealth — which he uses to oppose democracy and amplify the far-right around the world. The real-life Bond villain (thanks, Financial Times) owes his latest windfall to SpaceX. The company, of which Musk is the majority shareholder, makes its initial public offering at a value of around $1.8tn. Of course, once any individual’s personal wealth enters the billions — never mind the trillions — it…

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‘Rattled’ Farage lashes out at Musk & Lowe

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  • Post last modified:11 June 2026

An irritable Nigel Farage has lashed out at Restore Britain and Elon Musk. And he’s got good reason to be angry, because it looks like the Reform breakaway party could prevent Farage from winning in Makerfield: Let's see what happens next Thursday, shall we? — Rupert Lowe MP (@RupertLowe10) June 10, 2026 Reform, Restore, Retreat In the clip above, Sky News’s Beth Rigby put the following to the hard-right leader: When it comes to Makerfield, Restore are doing well here and it could really hurt you. A tetchy Farage asked “are they?” before Rigby finished: What’s Rupert Lowe got that it’s appealing…

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Starmer finds his backbone as he stands up to Elon Musk “interfering in our politics”

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  • Post last modified:9 June 2026

UK PM Keir Starmer appears to have found his backbone as he strengthens his rhetoric towards divisive X owner Elon Musk, saying the billionaire: has been interfering in our politics in the last few days, trying to whip up division. That is not who we are in Britain. Adding: When it comes to disgusting images on Grok, we take Grok on and fight, because that’s who we are as a country. Starmer is right, of course, which is a refreshing change of pace. However, condemnation alone achieves precious little. The government must urgently curb the influence that super-rich elites wield over…

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Rupert Lowe’s reach on X eclipses that of Nigel Farage — and all thanks go to Elon Musk

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  • Post last modified:8 June 2026

Research from the Financial Times indicates that Rupert Lowe — founder of the extreme-right Restore Britain — has more reach on social media platform X than Reform’s Nigel Farage. In large part, Lowe owes his success to billionaire Elon Musk, who bought out Twitter in 2022 (and then had a highly public fallout with Farage in 2025). Since launching Restore back in February, ten of Lowe’s X posts have received over 10-million views. Meanwhile, whilst Farage has over three times Lowe’s follower count, none of his posts have reached a similar mark. Whilst Restore currently consists of — in Farage’s words —…

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