The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control

Elon Musk is on the verge of becoming a trillionaire thanks to the record-breaking IPO price, which also minted a new billionaire and boosted the fortunes of many others.

Elon Musk just became the world’s first trillionaire thanks to the record-breaking IPO, which also minted a new billionaire and boosted the fortunes of many others.

Musk's fortunes were boosted from $813 billion to over $1 trillion, sending SpaceX into the ranks of the world's most valuable companies.