Update: The Trillionaire Problem - SpaceX announces IPO
April 1, 2026
Scott Galloway: "But Musk owns roughly 42% of SpaceX, so this IPO could make him the first recorded trillionaire in history. And on Polymarket, the odds that he'll become a trillionaire this year are 71%. So there's almost a three-in-four chance, according to a lot of people, that Musk is about to become a trillionaire. And that is, in my view, really troubling, because I think as a species we need guardrails, and money directly translates to power. And I don't think any unelected person should have this much power."
SpaceX announces IPO but it’s keeping the numbers secret (for now)
Thomas Ricker, Emma Roth, The Verge
What’s expected to be the biggest IPO in human history is reportedly underway. SpaceX has filed for an initial public offering with the Securities and Exchange Commission, according to a report from Bloomberg. But for now, the filing is confidential.
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