{"id":74780,"date":"2026-06-12T13:01:14","date_gmt":"2026-06-12T18:01:14","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/06\/12\/the-spacex-ipo-made-musk-a-trillionaire-the-old-rules-of-capitalism-no-longer-apply-robert-reich\/"},"modified":"2026-06-12T13:01:14","modified_gmt":"2026-06-12T18:01:14","slug":"the-spacex-ipo-made-musk-a-trillionaire-the-old-rules-of-capitalism-no-longer-apply-robert-reich","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/06\/12\/the-spacex-ipo-made-musk-a-trillionaire-the-old-rules-of-capitalism-no-longer-apply-robert-reich\/","title":{"rendered":"The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich"},"content":{"rendered":"<p>The economic principles taught in school aren\u2019t as relevant as hype, connections and total, arbitrary control<\/p>\n<p>Elon Musk is now the world\u2019s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq today.<\/p>\n<p>With shares priced at $135 each, Musk\u2019s aerospace and satellite maker soared to an overall market valuation of approximately $1.77tn \u2013 which raised Musk\u2019s net worth (which had already hovered at the astronomical $813bn) into the $1tn stratosphere.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2026\/jun\/12\/spacex-ipo-elon-musk-trillionaire\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economic principles taught in school aren\u2019t as relevant as hype, connections and total, arbitrary control Elon Musk is now the world\u2019s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq today. With shares priced at $135 each, Musk\u2019s aerospace and satellite maker soared to an overall market valuation of &#8230; <a title=\"The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/06\/12\/the-spacex-ipo-made-musk-a-trillionaire-the-old-rules-of-capitalism-no-longer-apply-robert-reich\/\" aria-label=\"Read more about The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-74780","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=74780"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74780\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=74780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=74780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=74780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}