1 of 1
Story summary
- SpaceX went public, raising more than $85 billion in the largest U.S. IPO despite losing nearly $5 billion last year.
- Elon Musk’s 2024 campaign spent almost $300 million backing President Donald Trump and gave $1 million voter checks.
- Economist Gabriel Zucman said the IPO shows wealth three times more concentrated than the Gilded Age, urging billionaire taxes.
- Critics note Musk’s control of X, Starlink and federal contracts gives him influence over discourse and policy.
