Charlie Alford

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

Post author:Willem Moore
Post published:24 June 2026
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…

Client journalists defend Musk becoming a trillionaire

Post author:Willem Moore
Post published:15 June 2026
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…

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

Post author:Alex/Rose Cocker
Post published:13 June 2026
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…