The Allocation
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Elon Musk became the world's first trillionaire on June 12. The number is real. But it is not a measure of one person's contribution. It is an output of compounding structural advantages that the modern equity system was designed to produce. On June 12, Elon Musk became the world's first trillionaire. His net worth crossed $1.1 trillion when SpaceX debuted on the Nasdaq at $135 a share, raising $75 billion in the largest initial public offering in financial history. The previo
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Elon Musk became the world's first trillionaire on June 12. The number is real. But it is not a measure of one person's contribution. It is an output of compounding structural advantages that the modern equity system was designed to produce. On June 12, Elon Musk became the world's first trillionaire. His net worth crossed $1.1 trillion when SpaceX debuted on the Nasdaq at $135 a share, raising $75 billion in the largest initial public offering in financial history. The previo
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