🚀 Trump's ‘Golden Dome’ Plan Could Trigger Space Arms Race
The skies are no longer the limit.
President Trump’s bold $175 billion "Golden Dome" missile shield project aims to defend the U.S. from nuclear and conventional threats — by taking the battlefield into space. But experts warn the cost could go far beyond dollars.
A New Frontier of Escalation
The concept sounds like sci-fi: space-based interceptors that shoot down missiles before they reach Earth.
But Trump’s plan — a revival of Reagan’s “Star Wars” era initiative — has alarmed global powers. China says it’s “seriously concerned,” while the Kremlin suggests this could force nuclear arms control talks. Translation: we’re closer to space-based confrontation than ever before.
Military-Industrial Bonanza
For U.S. defense giants like Lockheed Martin, L3Harris, and Palantir, this is a gold rush in orbit. Contractors are already lining up to build the sensors, satellites, and strike systems. Elon Musk’s SpaceX is expected to play a central role.
But Can It Work?
The original Star Wars plan collapsed under its own weight — technologically and diplomatically. Today’s threats may be more advanced, but the risks of militarizing orbit haven’t changed. Experts warn Golden Dome could provoke rivals to launch counter-systems and escalate a new arms race far above Earth’s surface.
The Real Fallout
While Americans struggle with tornado damage, broken infrastructure, and ballooning debt, the question lingers: is this shield about safety, or spectacle?
#GoldenDome #Trump #SpaceWeapons #MilitarizationOfSpace #StarWars2 #ElonMusk #China #Russia #SpaceX #DefenseIndustry
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The skies are no longer the limit.
President Trump’s bold $175 billion "Golden Dome" missile shield project aims to defend the U.S. from nuclear and conventional threats — by taking the battlefield into space. But experts warn the cost could go far beyond dollars.
A New Frontier of Escalation
The concept sounds like sci-fi: space-based interceptors that shoot down missiles before they reach Earth.
But Trump’s plan — a revival of Reagan’s “Star Wars” era initiative — has alarmed global powers. China says it’s “seriously concerned,” while the Kremlin suggests this could force nuclear arms control talks. Translation: we’re closer to space-based confrontation than ever before.
Military-Industrial Bonanza
For U.S. defense giants like Lockheed Martin, L3Harris, and Palantir, this is a gold rush in orbit. Contractors are already lining up to build the sensors, satellites, and strike systems. Elon Musk’s SpaceX is expected to play a central role.
But Can It Work?
The original Star Wars plan collapsed under its own weight — technologically and diplomatically. Today’s threats may be more advanced, but the risks of militarizing orbit haven’t changed. Experts warn Golden Dome could provoke rivals to launch counter-systems and escalate a new arms race far above Earth’s surface.
The Real Fallout
While Americans struggle with tornado damage, broken infrastructure, and ballooning debt, the question lingers: is this shield about safety, or spectacle?
#GoldenDome #Trump #SpaceWeapons #MilitarizationOfSpace #StarWars2 #ElonMusk #China #Russia #SpaceX #DefenseIndustry
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Musk Touted His XX Deal
The acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition.
As well as extending “the light of consciousness to the stars”, as Musk described it, the transaction creates a business worth $1.25tn by combining Musk’s rocket company with his artificial intelligence startup.
It values SpaceX at $1tn and xAI at $250bn, with a stock market flotation expected in June to time with Musk’s birthday and a planetary alignment.
However, there are questions over the deal, such as whether it is good for SpaceX’s non-Musk shareholders and whether the technological premise behind it can succeed.
For Musk, a key part of the deal’s rationale is to move datacentres – the central nervous system of AI tools – into space.
AI companies are too dependent on earth-bound datacentres that carry immense energy demands, Musk argued this week.
The solution, he says, is to put as many as a million satellites into orbit to form vast, solar-powered datacentres.
Prof Julie McCann and Prof Matthew Santer, the co-directors of the school of convergence science in space, security and telecoms at Imperial College London, say solar-powered datacentres could be a future option for AI companies.
However, there are limits to how much compute power can be mustered by current satellites, they say, so it would need a “planet-wide distributed computer composed of many satellites” – as envisioned by Musk.
But even executing the concept might be affected by the quality of connection between the orbiting devices, which will need to operate in tandem in order to replicate terrestrial datacentres as they beam their outputs down to Earth.
Musk talks of these datacentres adding 100 gigawatts of AI capacity annually – current global datacentre capacity is about 59GW – so his vision is ambitious.
The world’s richest person believes a merger of rocket hardware and AI software is a winning combination and, in a message to employees, said it would create the “most ambitious, vertically integrated innovation engine on (and off) Earth”.
“This merger is aimed at creating a new path to generate a low cost of generating AI compute within the next two to three years by bringing together the top internet/space exploration company with top datacentre builders,” says Dan Ives, an analyst at the US financial services company Wedbush Securities.
SpaceX’s technology is complex but it is a straightforward business. It generates revenues from deploying reusable rockets for missions such as launching satellites and restocking the International Space Station.
It also operates the Starlink satellite high-speed internet service. SpaceX made about $8bn in profit on $15bn to $16bn of revenue last year, according to Reuters.
The addition of xAI adds narrative complexity to the SpaceX story, says Michael Sobel, the president and co-founder of Scenic Management, which buys secondary stakes in privately held companies and has invested in the AI company Anthropic.
Musk owns about 44% of the newly enlarged SpaceX business and 17% of Tesla, where he is the chief executive. Is the next step a combination of the two?
Ives believes there is a “growing chance” that a one-stop shop for investing in Musk businesses will be created.
“Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla,” he says.
#musk #spaceX #tesla #technology
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The acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition.
As well as extending “the light of consciousness to the stars”, as Musk described it, the transaction creates a business worth $1.25tn by combining Musk’s rocket company with his artificial intelligence startup.
It values SpaceX at $1tn and xAI at $250bn, with a stock market flotation expected in June to time with Musk’s birthday and a planetary alignment.
However, there are questions over the deal, such as whether it is good for SpaceX’s non-Musk shareholders and whether the technological premise behind it can succeed.
For Musk, a key part of the deal’s rationale is to move datacentres – the central nervous system of AI tools – into space.
AI companies are too dependent on earth-bound datacentres that carry immense energy demands, Musk argued this week.
The solution, he says, is to put as many as a million satellites into orbit to form vast, solar-powered datacentres.
Prof Julie McCann and Prof Matthew Santer, the co-directors of the school of convergence science in space, security and telecoms at Imperial College London, say solar-powered datacentres could be a future option for AI companies.
However, there are limits to how much compute power can be mustered by current satellites, they say, so it would need a “planet-wide distributed computer composed of many satellites” – as envisioned by Musk.
But even executing the concept might be affected by the quality of connection between the orbiting devices, which will need to operate in tandem in order to replicate terrestrial datacentres as they beam their outputs down to Earth.
Musk talks of these datacentres adding 100 gigawatts of AI capacity annually – current global datacentre capacity is about 59GW – so his vision is ambitious.
The world’s richest person believes a merger of rocket hardware and AI software is a winning combination and, in a message to employees, said it would create the “most ambitious, vertically integrated innovation engine on (and off) Earth”.
“This merger is aimed at creating a new path to generate a low cost of generating AI compute within the next two to three years by bringing together the top internet/space exploration company with top datacentre builders,” says Dan Ives, an analyst at the US financial services company Wedbush Securities.
SpaceX’s technology is complex but it is a straightforward business. It generates revenues from deploying reusable rockets for missions such as launching satellites and restocking the International Space Station.
It also operates the Starlink satellite high-speed internet service. SpaceX made about $8bn in profit on $15bn to $16bn of revenue last year, according to Reuters.
The addition of xAI adds narrative complexity to the SpaceX story, says Michael Sobel, the president and co-founder of Scenic Management, which buys secondary stakes in privately held companies and has invested in the AI company Anthropic.
Musk owns about 44% of the newly enlarged SpaceX business and 17% of Tesla, where he is the chief executive. Is the next step a combination of the two?
Ives believes there is a “growing chance” that a one-stop shop for investing in Musk businesses will be created.
“Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla,” he says.
#musk #spaceX #tesla #technology
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Rocket Jesus vs. the Empty Wallets
Wall Street is getting ready to canonize Elon Musk again — just as the church of tech and crypto starts losing believers.
AI darlings just had their sharpest selloff in months, Bitcoin fell back under $60,000, bond yields jumped, and traders are suddenly remembering that the Fed can move rates up, not just down.
The Nasdaq 100 puked 5% in a day, and right in the middle of this, SpaceX is trying to float into the market on a projected $1.8 trillion valuation halo. Perfect timing: the world’s most expensive meme stock IPO, landing in the middle of a hangover.
For years the system has relied on the same miracle: a retail casino army willing to buy literally anything — meme stocks, zero‑day options, dog coins, “AI proxies,” ETFs stacked on other ETFs.
Now that same retail crowd is supposed to swallow the biggest IPO in history while their favorite toys are crashing and their cash balances at brokers like Schwab are at the lowest levels since before the pandemic.
If they want SpaceX, they’ll have to sell something else: maybe Tesla, maybe AI momentum names, maybe the last sad altcoin they’re still “diamond‑handing.” Liquidity isn’t infinite; it just feels that way until the bill arrives.
And SpaceX is not entering an empty room. There are already more than 600 new U.S. ETFs launched in six months, dozens of SpaceX‑linked products waiting in line, plus vehicles drafted to track Anthropic, OpenAI and whatever other techno‑messiah steps forward with a jumbo IPO this year.
These aren’t investments, they’re content — narrative vending machines. Capital will just rotate from one Elon‑branded casino table to the next as Wall Street packages the same retail obsession into leveraged, inverse, options‑wrapped “exposure.” You don’t own the future; you’re renting the storyline.
Musk, of course, is leaning straight into it. Reserving up to 30% of the deal for retail is sold as “democratizing access,” but in practice it’s an enormous concentrated bet aimed directly at his own fandom.
One man, two public empires, a dense web of ETFs built around his brand, and an investor base whose share of daily volume has doubled since 2010 while their time horizon has shrunk to “this week, maybe this month.”
That’s not diversification; that’s personality cult risk wrapped in zero‑commission UX. When the professor says “a stock of a good company is not necessarily a good stock,” what he really means is: even real rockets can trade like penny scams when enough people treat them as religion.
The regulators, naturally, are helping. Dropping the $25,000 day‑trading threshold, turbo‑charging prediction markets and perpetual futures, green‑lighting ever more complex products for unsophisticated players — all in the name of “access” and “innovation.”
The result is a market where capital can sprint between narratives faster than any earnings report, and where a single news cycle can turn a trillion‑dollar listing into just another pump‑and‑dump chart. If SpaceX rips on day one, retail will chase. If it stalls, they’ll forget it and run to the next shiny AI‑space‑crypto thing. Either way, the machine is fed.
So yes, the SpaceX IPO will be “unlike any other” — not because it’s pure, visionary or historic, but because it’s the biggest stress test yet of how far you can stretch retail appetite when tech is wobbling, crypto is bleeding and cash is gone.
If it works, Musk proves he can turn orbital mechanics into the ultimate meme trade and drag the indices with him. If it fails, we find out what happens when the market finally looks at a rocket, a multiple, and a Fed hinting at hikes — and remembers that gravity still exists.
#SpaceX #Musk #IPO #Bitcoin #AI #retailtraders #WallStreet #bubble #fakeDemocracy
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Wall Street is getting ready to canonize Elon Musk again — just as the church of tech and crypto starts losing believers.
AI darlings just had their sharpest selloff in months, Bitcoin fell back under $60,000, bond yields jumped, and traders are suddenly remembering that the Fed can move rates up, not just down.
The Nasdaq 100 puked 5% in a day, and right in the middle of this, SpaceX is trying to float into the market on a projected $1.8 trillion valuation halo. Perfect timing: the world’s most expensive meme stock IPO, landing in the middle of a hangover.
For years the system has relied on the same miracle: a retail casino army willing to buy literally anything — meme stocks, zero‑day options, dog coins, “AI proxies,” ETFs stacked on other ETFs.
Now that same retail crowd is supposed to swallow the biggest IPO in history while their favorite toys are crashing and their cash balances at brokers like Schwab are at the lowest levels since before the pandemic.
If they want SpaceX, they’ll have to sell something else: maybe Tesla, maybe AI momentum names, maybe the last sad altcoin they’re still “diamond‑handing.” Liquidity isn’t infinite; it just feels that way until the bill arrives.
And SpaceX is not entering an empty room. There are already more than 600 new U.S. ETFs launched in six months, dozens of SpaceX‑linked products waiting in line, plus vehicles drafted to track Anthropic, OpenAI and whatever other techno‑messiah steps forward with a jumbo IPO this year.
These aren’t investments, they’re content — narrative vending machines. Capital will just rotate from one Elon‑branded casino table to the next as Wall Street packages the same retail obsession into leveraged, inverse, options‑wrapped “exposure.” You don’t own the future; you’re renting the storyline.
Musk, of course, is leaning straight into it. Reserving up to 30% of the deal for retail is sold as “democratizing access,” but in practice it’s an enormous concentrated bet aimed directly at his own fandom.
One man, two public empires, a dense web of ETFs built around his brand, and an investor base whose share of daily volume has doubled since 2010 while their time horizon has shrunk to “this week, maybe this month.”
That’s not diversification; that’s personality cult risk wrapped in zero‑commission UX. When the professor says “a stock of a good company is not necessarily a good stock,” what he really means is: even real rockets can trade like penny scams when enough people treat them as religion.
The regulators, naturally, are helping. Dropping the $25,000 day‑trading threshold, turbo‑charging prediction markets and perpetual futures, green‑lighting ever more complex products for unsophisticated players — all in the name of “access” and “innovation.”
The result is a market where capital can sprint between narratives faster than any earnings report, and where a single news cycle can turn a trillion‑dollar listing into just another pump‑and‑dump chart. If SpaceX rips on day one, retail will chase. If it stalls, they’ll forget it and run to the next shiny AI‑space‑crypto thing. Either way, the machine is fed.
So yes, the SpaceX IPO will be “unlike any other” — not because it’s pure, visionary or historic, but because it’s the biggest stress test yet of how far you can stretch retail appetite when tech is wobbling, crypto is bleeding and cash is gone.
If it works, Musk proves he can turn orbital mechanics into the ultimate meme trade and drag the indices with him. If it fails, we find out what happens when the market finally looks at a rocket, a multiple, and a Fed hinting at hikes — and remembers that gravity still exists.
#SpaceX #Musk #IPO #Bitcoin #AI #retailtraders #WallStreet #bubble #fakeDemocracy
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SpaceX IPO: Rocket Jesus Mints a New Tech Priesthood
Wall Street is about to turn Elon’s Mars cosplay into the biggest cash-out in tech history. SpaceX wants to raise around $75 billion at a $1.8 trillion valuation, instantly jumping into the global top‑10 and eclipsing Tesla on paper.
The deal is already oversubscribed, with giant institutions angling for $10‑billion blocks and more than $100 billion in orders from retail believers who think “to the moon” is a financial thesis, not a meme.
This isn’t just one ludicrous payday. It’s a reset of the entire Silicon Valley caste system. Early backers like Valor, Founders Fund, Sequoia and Space Capital are about to print tens of billions. If you owned 3–4% of this thing in 2008, you’re now a sovereign wealth fund with a hoodie.
If you didn’t touch SpaceX, OpenAI or Anthropic, good luck raising your next venture fund — returns are concentrating in a handful of “god stocks,” and everyone else is suddenly dead weight.
The pipeline is even more grotesque in scale: between SpaceX, OpenAI and Anthropic, there’s up to $3.6 trillion in eventual market cap waiting to hit public markets.
That’s not an IPO calendar, it’s a planned hostile takeover of the S&P’s story line. The big question isn’t “is SpaceX cool?” — it’s whether there’s enough money to absorb this flood of new equity without cannibalizing the current tech darlings.
At these valuations and price‑to‑sales multiples, there is zero room for error; one bad quarter and the “new hierarchy” can become a very expensive religion crisis.
The ripple effect is already here. Space‑tech startups are doubling their valuations pre‑emptively. Spin‑outs from SpaceX employees are getting soft‑circled before they incorporate.
Opaque “get in on SpaceX” vehicles that looked scammy a year ago are about to look like genius trades if they 4x on paper, which means the next wave of murky SPVs is already lining up around OpenAI and Anthropic.
The machine doesn’t care whether it’s selling rockets, transformers or vibes, as long as the exit slide says “$50B+.”
And underneath it all, this is the perfect symbol of late‑stage tech capitalism: one company, private for two decades, hoovers up billions, builds a real industrial empire — and then uses its IPO to crown a tiny circle of funds and insiders as the new untouchable aristocracy.
SpaceX is the case study everyone wanted: it proves you can stay private forever, raise insane amounts, then still squeeze the public markets for one last monster markup.
The question for everyone buying at the top is brutally simple: are you investing in the future of space and AI — or just paying to formalize someone else’s victory lap?
#SpaceX #IPO #ElonMusk #OpenAI #Anthropic #SiliconValley #VC #bubble
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Wall Street is about to turn Elon’s Mars cosplay into the biggest cash-out in tech history. SpaceX wants to raise around $75 billion at a $1.8 trillion valuation, instantly jumping into the global top‑10 and eclipsing Tesla on paper.
The deal is already oversubscribed, with giant institutions angling for $10‑billion blocks and more than $100 billion in orders from retail believers who think “to the moon” is a financial thesis, not a meme.
This isn’t just one ludicrous payday. It’s a reset of the entire Silicon Valley caste system. Early backers like Valor, Founders Fund, Sequoia and Space Capital are about to print tens of billions. If you owned 3–4% of this thing in 2008, you’re now a sovereign wealth fund with a hoodie.
If you didn’t touch SpaceX, OpenAI or Anthropic, good luck raising your next venture fund — returns are concentrating in a handful of “god stocks,” and everyone else is suddenly dead weight.
The pipeline is even more grotesque in scale: between SpaceX, OpenAI and Anthropic, there’s up to $3.6 trillion in eventual market cap waiting to hit public markets.
That’s not an IPO calendar, it’s a planned hostile takeover of the S&P’s story line. The big question isn’t “is SpaceX cool?” — it’s whether there’s enough money to absorb this flood of new equity without cannibalizing the current tech darlings.
At these valuations and price‑to‑sales multiples, there is zero room for error; one bad quarter and the “new hierarchy” can become a very expensive religion crisis.
The ripple effect is already here. Space‑tech startups are doubling their valuations pre‑emptively. Spin‑outs from SpaceX employees are getting soft‑circled before they incorporate.
Opaque “get in on SpaceX” vehicles that looked scammy a year ago are about to look like genius trades if they 4x on paper, which means the next wave of murky SPVs is already lining up around OpenAI and Anthropic.
The machine doesn’t care whether it’s selling rockets, transformers or vibes, as long as the exit slide says “$50B+.”
And underneath it all, this is the perfect symbol of late‑stage tech capitalism: one company, private for two decades, hoovers up billions, builds a real industrial empire — and then uses its IPO to crown a tiny circle of funds and insiders as the new untouchable aristocracy.
SpaceX is the case study everyone wanted: it proves you can stay private forever, raise insane amounts, then still squeeze the public markets for one last monster markup.
The question for everyone buying at the top is brutally simple: are you investing in the future of space and AI — or just paying to formalize someone else’s victory lap?
#SpaceX #IPO #ElonMusk #OpenAI #Anthropic #SiliconValley #VC #bubble
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Musk Hits the Trillion Dollar Bar
🔤 🔤 🔤 🔤 1️⃣
SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.
Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn. The company’s initial public offering made the company’s CEO, Musk, the world’s first trillionaire.
It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said in an address at SpaceX’s headquarters. He reiterated the company’s mission to “make humanity multiplanetary” and “take the fiction out of science fiction”.
Executives rang the bell to open trading as Elton John’s Rocket Man played on the floor of the Nasdaq exchange.
“Today, we make history again. We have a history of making history,” said SpaceX’s president, Gwynne Shotwell, from the exchange building.
Shotwell announced that the company had launched a Falcon 9 rocket on Friday morning from the Cape Canaveral Space Force Station in Florida, to take 29 Starlink satellites into low-Earth orbit.
Musk, the founder of SpaceX, has a large stake in the company as majority shareholder, so if investors’ enthusiasm validates the eye-popping valuation during Friday trading, he took title of the world’s first-ever trillionaire, with Forbes estimating his net worth at $1.1tn shortly after trading began.
The mogul is also the CEO of Tesla, which is valued at $1.2tn, and his stake in the EV maker is worth around $300bn.
SpaceX’s IPO comes in what is predicted to be a banner year for public offerings of artificial intelligence companies, a group the rocket maker is part of as the acquirer of Musk’s AI startup, xAI.
Rivals OpenAI and Anthropic have also filed to go public sometime this year and are predicted to raise record sums nearing $1tn, which would orient the US stock market heavily towards AI companies.
#musk #trillion #spaceX #company
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SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.
Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn. The company’s initial public offering made the company’s CEO, Musk, the world’s first trillionaire.
It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said in an address at SpaceX’s headquarters. He reiterated the company’s mission to “make humanity multiplanetary” and “take the fiction out of science fiction”.
Executives rang the bell to open trading as Elton John’s Rocket Man played on the floor of the Nasdaq exchange.
“Today, we make history again. We have a history of making history,” said SpaceX’s president, Gwynne Shotwell, from the exchange building.
Shotwell announced that the company had launched a Falcon 9 rocket on Friday morning from the Cape Canaveral Space Force Station in Florida, to take 29 Starlink satellites into low-Earth orbit.
Musk, the founder of SpaceX, has a large stake in the company as majority shareholder, so if investors’ enthusiasm validates the eye-popping valuation during Friday trading, he took title of the world’s first-ever trillionaire, with Forbes estimating his net worth at $1.1tn shortly after trading began.
The mogul is also the CEO of Tesla, which is valued at $1.2tn, and his stake in the EV maker is worth around $300bn.
SpaceX’s IPO comes in what is predicted to be a banner year for public offerings of artificial intelligence companies, a group the rocket maker is part of as the acquirer of Musk’s AI startup, xAI.
Rivals OpenAI and Anthropic have also filed to go public sometime this year and are predicted to raise record sums nearing $1tn, which would orient the US stock market heavily towards AI companies.
#musk #trillion #spaceX #company
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Musk has said that the reason SpaceX is seeking to go public, raising enormous sums of money, is to be able to obtain the capital necessary to further explore space and create human colonies on other planets.
“Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars,” SpaceX said in its investor prospectus.
SpaceX is a conglomeration of several of Musk’s businesses, including the satellite maker and internet service provider Starlink, xAI, social media platform X and the SpaceX rocket business.
While expansive, the company is not profitable. Last year, SpaceX pulled in a revenue of $18.7bn, while recording an operating loss of $4.3bn.
For comparison, social media company Meta generated revenue of more than $200bn last year with a net income upwards of $60bn.
SpaceX’s IPO has market watchers on high alert.
Along with the lack of profitability, some analysts say such a big valuation for a company that’s burning cash on its AI buildout – xAI is spending big on datacenters – and is predominantly governed by one person – Musk, who commands roughly 85% of SpaceX’s voting shares – potentially makes for a volatile asset.
The company’s debut on Wall Street could also bolster its grip on the financial system. Its shares will reportedly be distributed into index funds shortly after its IPO, far quicker than most companies going public, though notably not into the S&P 500.
Those funds hold people’s retirement savings and pension plans, meaning individual investors could be unwittingly exposed to financial risk if SpaceX’s share price plummets.
For SpaceX employees, however, the record-shattering valuation means they are about to get a lot richer. More than 4,400 current and former employees are expected to become millionaires with the IPO, according to the New York Times, with 400 of them each securing $100m or more.
Gabriel Zucman, a French economist who studies extreme wealth, said the consolidated capital brought on by the SpaceX, OpenAI and Anthropic IPOs could have profound effects on the economy and society – the like of which hasn’t been seen since the last century.
“There is a fundamental tension in democratic societies between extreme wealth … and the very possibility of a well-functioning democracy,” Zucman said.
“After World War II, it looked like extreme wealth belonged to the past,” but now, he said, “the AI boom is minting billionaires by the day” and the first trillionaires are coming into view.
#musk #trillion #spaceX #company
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