Trillionaire

On June 12, Wall Street did not discover that Elon Musk had created a trillion dollars in wealth. It marked up a paper claim on rockets, satellites, military contracts, public research and the future labor of thousands of workers — and assigned that claim to one man. That is how the first trillionaire was made. The financial press called it genius. The record shows something else. The military-industrial complex took a company that private capital would not carry on its own, rescued it with government money, fed it with guaranteed contracts and protected it as a monopoly because the Pentagon needed it.