Democracy is dead: Elon Musk becomes world's first TRILLIONAIRE with SpaceX IPO from Geopolitical Economy Report

Geopolitical Economy Report

Ben Norton

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Democracy is dead: Elon Musk becomes world's first TRILLIONAIRE with SpaceX IPO

34 minutes Posted Jun 13, 2026 at 1:07 pm.

Elon Musk, world's first trillionaire

Oligarchy

SpaceX IPO

SpaceX is losing lots of money

Wall Street changes the rules

Trump coin pump and dump

Reasons to avoid SpaceX

Musk: symbol of US oligarchy

Wealth concentration

Gilded Age & robber barons

Money wins US elections

Elon Musk funded Trump

Larry Ellison buys up media

Capitalist class

Progressive Era

Great Depression & New Deal

Golden Age of capitalism

Tax rates

Tax burden shifts onto workers

Billionaires avoid taxes

Neoliberalism

Financial crisis & QE

Neofeudalism / technofeudalism

Artificial intelligence (AI)

Universal basic income (UBI)

Nationalize Big Tech

China's alternative

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Show notes

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.

VIDEO: https://www.youtube.com/watch?v=Dj-hd3l4dSo

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