As SpaceX Makes Musk Trillionaire, Some Dissent on NYC’s Streets

June 12, 2026, 9:50 PM UTC

In New York City, the heart of financial capitalism, there were plenty of signs of excitement about SpaceX’s IPO, which set off a feeding frenzy on Wall Street and turned Elon Musk into the world’s first trillionaire.

In front of the Park Avenue headquarters of JPMorgan Chase & Co., one of the underwriters of the stock sale, though, some two dozen took to the street to decry the rising income inequality, insiderism and dangerous speculative excess that it seemed to exemplify.

“The scene is set for wealthy early investors to cash out while leaving retirement savers holding the ...

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