Posted on 06/12/2026 2:26:40 PM PDT by MtnClimber
SpaceX’s Initial Public Offering (IPO) is underway, and money won’t just “trickle down” but cascade.
Bernie and Pocahontas must be having hysterical fits. SpaceX’s Initial Public Offering (IPO) is underway, with first trades anticipated to broach approximately $175 (give or take) per share (at time of writing). The capitalist success will irk the defeatist socialists no end.
In their perverted orthodoxy a solitary billionaire is a “policy mistake,” so imagine their maudlin mood when the SpaceX IPO spawns several billionaires and a multitude of millionaires. Worst still, Elon Musk is poised to become a trillionaire. The travesty of it all — so much wealth in private hands.
Bernie and Po will demagogue about inequality, rather than applaud success. They want the administrative state to spread the wealth for political purposes. Well, the nouveau riche are about to spread their wealth for economic purposes. They’ll be “sharing” their windfalls in a manner more aligned with free-market dynamics than central-planning pinheads could. Indeed, here are some examples of how they’ll enjoy the fruits of their labors.
Such lavish spending sprees may not engender long-term happiness for the spendthrifts, but it will benefit those who provide the goods and services. They’ll probably attain as much lasting satisfaction because wealth is all relative. The money splashing around won’t “trickle down” — it will cascade.
(Excerpt) Read more at americanthinker.com ...
Crybaby communists think everyone must suffer.
Cry harder
Video
Pocahontas, AKA Elizabeth Warren, is really upset Elon Musk is now a trillionaire https://rumble.com/shorts/v7b792e
SpaceX sold 555 million shares in its IPO.
Today, over 514 million shares were traded.
Nearly an entire IPO’s worth of stock changed hands in a single day.
SpaceX is worth more than Canada.
the only way everyone can be equal, is if everyone is equally poor.
There is no other option when it comes to equality
Examples
A man working as a welder at SpaceX for $28 an hour has just become a millionaire.
Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour.
SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10 years.
$SPCX
is now trading at $167, making his shares worth over $1 million.....
Trevor Hise, a former SpaceX launch engineer, joined straight out of college in 2011.
He accumulated over 100,000 shares gradually over his 12 years at the company (2011-2023).
Today, those shares are now worth roughly $13.5 million plus from the IPO.
He’s since stepped into semi-retirement.
... don't forget the trillionaire!
Approximately 4,000 to 4,400 current and former SpaceX employees became (or are becoming) millionaires due to the company’s IPO!
How many employees of Elizabeth Warren and Bernie Sanders have become millionaires [LEGALLY]!
Having civilization expanding off planet has been Elon’s goal for a long time . His success in moving towards that goal is his reward and well earned. It may save civilization itself from extinction some day.
The wailing and gnashing of teeth coming from the libtards today is music to my ears.
Remember, SpaceX used to be headquartered in California but their leaders actively chased the company away.
All those tax dollars waving at California from Texas.
https://spacexchart.com/financials
About $19 billion in annual revenue and growing fast.
Starlink is its high-margin money-maker.
The current #1 enemy of the left is “DATA CENTERS” that don’t employ many people but sit in some farm field where they don’t belong.
Well, SpaceX proposes to put those evil data centers in outer space. The leftist protestors will now attack putting them in outer space for some imagined reason.
I do not usually use Google. I decided to do a quick search. Elon Musk employs 160,000 people DIRECTLY. Indirectly, 600,000 more people have jobs.
The Left seems to despise Musk so much, they would have all those hundreds of thousands on the government dole, instead of the gainfully employed.
Another thing that drives the Left insane is that NONE OF THEM can insist upon their own 10% of the loot. Wealth creation (service and/or product), private, voluntary interactions that the Deep State cannot control.
How many new companies will be spawned from today’s activity?
if all of those AI companies are trying to attract investment and dissuade regulation, you don't go around saying, "I hope FR uses our AI to disable Marxists, because those Marxists are sure as hell are going to use it in the other direction."
UBI is a pr distraction and you fell for it.
Hahaha
I got in at $172.
So far I’m down 100 bucks.
I hope the million hits before Christmas.
1) AI is here. China and other foreigners we don’t like has it. Leftists in the US have it. We can’t put the genie back in the bottle.
2) AI is just a progression of technology.
We used to say “It was in the newspaper so it must be true”.
Then we said “I saw it on TV so it must be true”.
Then we said “I saw it on the internet so it must be true”.
We must recognize and educate EVERYONE that AI is just a tool. It can make mistakes. The data it depends on is incomplete and biased...just as the data everywhere else is.
With Nazis and Commies on the mind in the 1950s we pushed “in God we Trust” not because we were suddenly more holy... but because we realized that nothing man-made could be trusted.
Reagan changed that to “Trust by verify”.
We need to educate that AI will be a tool to be used. But just as any other tool, it can be improperly used. It is not to be trusted.
Compare it to a gun, or knife or ice-pick. It can be used improperly. But that doesn’t mean ban it.
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