Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 06/20/2026 2:43:03 PM PDT by SmokingJoe
In this video, Glenn Beck discusses the recent milestone of Elon Musk becoming the world's first trillionaire, following the public listing of SpaceX (0:11-0:22). While political figures like Senator Elizabeth Warren have criticized this level of wealth as a symptom of a 'rigged economy' requiring a wealth tax, Beck offers an alternative perspective on the nature of Musk's success and the value of capitalism (0:41-1:06).
Key themes discussed include:
Innovation and Risk: Beck details how Musk entered an stagnant aerospace industry in 2002, defying the expectations of experts and risking his entire fortune on a company with a high probability of failure (1:38-3:33). He highlights Musk's achievements in reusable rocket technology, which drastically reduced costs and restored American capabilities in space (3:47-5:55).
Disruption and Open Innovation: The video credits Musk with forcing the global automotive industry to adopt electric vehicles (6:02-6:58) and notes his decision to open-source Tesla patents for the good of the industry, contrasting this with typical corporate behavior (7:00-8:26).
Freedom of Information: Beck discusses the global impact of Starlink in providing internet access to restricted regions and Musk's efforts to protect free speech through his acquisition of the platform X (8:47-9:58).
Broad Economic Impact: Beyond his own wealth, Beck points out that the SpaceX IPO enabled thousands of employees—such as early welders and engineers who took stock options over higher salaries—to achieve significant financial success (10:34-11:58).
The Argument Against Corruption: Beck clarifies that his defense of Musk is not a blanket endorsement of all billionaire status, but a critique of "crony capitalism." He argues that the real danger occurs when corporations use their influence to "buy the referee"—writing regulations that protect them from competition rather than competing in an open market (13:07-15:28). He contends that as long as Musk continues to innovate and compete honestly, his success represents the positive potential of the free market system (15:34-15:55).
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
I think he’s right.
yeah, what happened to Beck in 2017? he went full on TDS and then was somehow able to turn around and get on the train.
Fascinating
Glenn is coming back to good marks
From His “Cheeto Face” Rock Bottom.
IMHO
Dunno! I lost interest before he did the Cheeto thing.
Interesting little factoid. SpaceX employee #1, Tom Mueller, was a guy from little St. Maries, Idaho at the south end of Lake Coeur d’Alene. It’s a workingman blue collar lumbering town. His dad wanted him to go into the lumber business and follow dad’s footsteps. Instead, Tom went to CalTech, became an outstanding rocket engineer, spent years at TRW and tired of the slow, risk-averse bureaucracy. Musk hired him run 2002 and he projects including the Merlin Engine that powers Falcon 9, the Raptor Engine that powers Starship and other key propulsion systems.
He said joining SpaceX from a large, bureaucratic space corporation was “refreshing” and gave him more freedom to innovate, describing Musk’s company culture as energizing.
“I had just come from TRW, a big space corporation, and getting away from the bureaucracy and able to move fast and really be energized and do the type of product development that we wanted to do… It was really refreshing and fun, actually, even though it was hard. It was actually really satisfying,” Mueller said.
Mueller explained how a pivotal moment in 2008 helped pull the company, which generated $18.7 billion in revenue in 2025, back from the brink of bankruptcy.
“2008 was actually the year that we finally made orbit, the fourth flight of Falcon 1 made orbit that year, and it was also when we were just about out of money and that flight saved us. Then we really got regimented and started flying Falcon 9, the rocket that’s currently flying. And it’s been the most reliable rocket in history. So, it really all came together. And now look where we’re at now. We’re a trillion-dollar company.”
As with other Fox stars, I followed him, then became disillusioned. I think they all thought they could lead us wherever they wanted, but could only lead us where we wanted to go. It was like this in one of the Ayn Rand novels. The all-powerful editor found his cause, but readership shrank until he had to relent.
What Elon Musk does with his money is far lees harmful that what Democrats would do with it.
I read somewhere that the huuuuuuuge SpaceX IPO only involved 4% of the total stock. The other 96% is still in private hands. Long before the IPO, about every 6 months, there would be another story about someone investing $10-20 billion in SpaceX. They knew a good thing when they saw it.
I am less concerned about Musk than I am about every single member of Congress becoming multi-millionaires while serving.
beck has been pro trump again for awhile now.
The monologue celebrates Elon Musk becoming the world’s first trillionaire after SpaceX’s public listing, framing it as a historic achievement born of extreme risk and innovation, while pushing back against Elizabeth Warren’s criticism that it exemplifies a “rigged economy” warranting a wealth tax.Core argument:
I’ve seen a few of his recent spots,
Before the TDS I was a Big Fan of Glenn.
Got a DVD “The Man in The Moon”
Enjoyed That.
I agree, and fauxcohontas can’t have any of it!
In 2012 (when the idea 1st came up) to 2015, most of us laughed at the idea of a New York liberal like Trump running for the GOP nomination. Many were still skeptical as to what he would actually be able to accomplish in 2017. I signed on whole heartily when I noticed he was actually implementing much of Pat Buchanan’s agenda, which incidentally I was almost banned for supporting during the site’s endorsement of Bush. :-P
Well… What happened to Trump and Reagan who were democrats, and changed to Republican Party affiliation. People change.
Yup.
Elon needs to send a private mission to Apophis in 2029 and divert it slightly, just to show he da man.
You read correctly. I bought some in the IPO, got a fraction of what I asked for. The other 96% is locked, and will be released in stages over the next year. Reason was to not destroy the stock value by releasing it all at once. When the private holdings are unlocked, there will be profit taking that will cause dips in the stock value. Do not buy more until the dips occur.
Yes, and Pocahontas is just jealous of Musk.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.