Elon Musk trillionaire: Are you cerebrating or jealous?
Celebration:
If more trillionaires emerge because AI, robots, clean energy, genetic editing, and space access become vastly cheaper and more capable, everyone gains.
Steve Jobs, Jeff Bezos, and the Google founders all started companies that sell an economically valuable product. Apple gave us the one device. Amazon built the everything store. Google became the internet’s front door. And as wealthy as those businesses made their founders, we assuredly made out even better. We always do when an entrepreneur builds a business around an innovative technology or a cheaper way to make something people want. Nobel laureate economist William Nordhaus actually ran the math, finding that innovators captured barely 2 percent of the value their inventions threw off across half a century, leaving the other 98 percent to the rest of us. …
In putting together his various companies, Musk has walked a long and rocky road, flirting with bankruptcy more than once and displaying near-supernatural engineering and managerial talents. (As I’ve written before, the largely untold story is how he managed to put together such huge teams of super talented people. I mean, Boeing can’t do that.)
Musk is a once-in-a-millennium piece of human capital, and he’s chosen to use his abilities for good. He should be praised and admired.
Creating millionaires:
SpaceX’s IPO created 4,400 millionaires, according to the New York Times. Critics like Bernie Sanders, AOC, and Elizabeth Warren have created one each — themselves. ..
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren’t VCs. They’re SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce… pic.twitter.com/tc2LuK7Gd7
— Shruti (@heyshrutimishra) June 12, 2026
These aren’t VCs. They’re SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn’t even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise’s parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that’s $13.5 million. He’s 37 and semiretired. His words: “The magnitude of this has been ridiculous.”
Jealousy:
Elon Musk just became the world’s first trillionaire. This needs to be a wake up call. pic.twitter.com/H3w4OxA91U
— Elizabeth Warren (@ewarren) June 12, 2026
The most envious, Marxist, redistributive person in the world isn’t the guy busting his hump to frame a house, or the guy grinding out DoorDash…it’s the smug guy worth 7 or 8 figures staring at a trillionaire he considers socially beneath him. https://t.co/4NA4w0XCbS
— Antonio García Martínez (agm.eth) (@antoniogm) June 12, 2026
Gavin Newsom tweets his rage. The FT compares him to a James Bond villain. The Globe and Mail publishes a guide to hating him. All that on the same day. …
Look closely at who’s panicking: it’s never the engineers, the craftsmen, the entrepreneurs, the caregivers, the farmers. It’s the politicians, the editorialists, the bureaucrats, the professional activists.
In short, all those whose job consists of commenting on, taxing, or redistributing the value created by others. Their terror isn’t moral. It’s existential. Consciously or unconsciously, they know one thing they can’t admit to anyone, not even themselves: their public action creates absolutely no net value.
Their entire status rests on a comfortable lie, that of the bureaucratic socialist: “wealth exists by magic, the problem is just to distribute it, and it takes people like us to do it.”
That lie held up as long as wealth creation remained abstract. But Elon is a living counter-example on a planetary scale. A thousand billion dollars created out of nothing, under everyone’s eyes, in real time. Every Starship launch is a public refutation of their worldview. It’s unbearable. Hence the rage. …
What really terrifies them: in the world Elon is building, status is no longer obtained through posturing, degrees, or platforms. It’s obtained by creating something. They’ll have to learn a trade. Develop skills. Produce.
Why jealousy is wrong:
The argument that Elon should be spending his money on “feeding the hungry” is stupid in a country where the federal government spends multi-trillions a year on just that, with dubious results.
It also betrays either a notion, or a lie, based on Musk having a Scrooge McDuck style Money Bin with a trillion dollars in it. In fact, of course, he owns assets that are busy producing useful things, not cash just lying around somewhere going to waste. Most of the people pretending otherwise know better, but hope their listeners don’t. The rest are just imponderably stupid.
People denounce Elon, and many other billionaires, for “greed.” But most self-made billionaires — which is 70% of all billionaires in America — weren’t operating from greed, so much as the desire to build something. That’s certainly true in spades for Elon Musk. Money for him is a tool.
Elon’s critics envy not just his wealth, but his significance. He is doing great things, and they are not, and they really, really need to feel significant. But they aren’t, and it just kills them. The attacks are about trying to assuage that narcissistic wound more than anything.
Back after Apollo 11, Norman Mailer wrote that Apollo was the revenge of the “squares.” The hippies, with their tie-dye and their music and their psychotropic drugs were trying to bring something into being that humans had never achieved. But in fact it was those squares in their short-sleeve dress shirts and skinny ties, with their crewcuts and slide rules, who actually went and did it. It was unforgivable, and the hippies turned their considerable cultural power toward killing it and making it uncool, and they almost succeeded.










