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Tesla and SpaceX CEO Elon Musk arrives for a meeting with Senate Republicans at the US Capitol on March 5, 2025 in Washington, DC.
As the Trump-backed oligarch tries to grow even more wealthy and with longstanding rules changed to his benefit ahead of the SpaceX public offering, "retirees could take huge losses, while insiders cash out."
Billionaire Elon Musk has ambitions to become the world's first trillionaire when his company SpaceX makes what is expected to be the biggest initial public offering in history—and money unwittingly invested by ordinary Americans may help him get there.
