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Musk's trillions fuelled by AI and his pied piper power over investors

ABC Australia · Jun 14, 2026, 6:43 PM · Also reported by 2 other sources

Key takeaways

  • Apart from Elon Musk himself, Space X created thousands of new millionaires and billionaires and grew global inequality.
  • It was a fine little rocket, the first electric vehicle of the modern era, discontinued in 2012 having provided the engineering and financial foundations for the Model S and, eventually, SpaceX.
  • The latest, and ultimate, sign of that came on Friday with the stock exchange debut of SpaceX.

Why this matters: an international story with cross-border implications worth tracking.

Apart from Elon Musk himself, Space X created thousands of new millionaires and billionaires and grew global inequality. (Reuters: Evelyn Hockstein)

Link copied Share Share article In 2010, around the time of Tesla's Initial Public Offering (IPO), an acquaintance proudly showed me his red Tesla Roadster, the first imported into Australia.

It was a fine little rocket, the first electric vehicle of the modern era, discontinued in 2012 having provided the engineering and financial foundations for the Model S and, eventually, SpaceX.

Article preview — originally published by ABC Australia. Full story at the source.
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