Adam Schiff seethes as Elon Musk becomes first trillionaire
When SpaceX hit the Nasdaq on Friday and made Elon Musk the first trillionaire, plenty of Americans saw cause for celebration.Adam Schiff saw a crime scene.Something is “terribly wrong,” the Democratic senator wrote, with an economy that mints a trillion-dollar fortune while people go without health care.He called it the cost of a corrupt system, where wealth feeds on itself, and poverty does the same.
He posted this on X, the platform Musk owns.The richest man alive took his cut of the engagement.It is worth asking where the money came from.
And whether anyone earned it.It came out of Hawthorne.
The engineers and the machinists who built the rockets held shares.When the stock began to trade on Friday, that paper turned into down payments and college funds for people who build rockets for a living.
A welder with options doesn’t need a senator to explain the cost of a supposedly corrupt system.He just paid off his house with it.Musk is a visionary and America’s greatest builder.
He took a launch business the government had given up on and taught it to land its own boosters on a barge at sea, then reuse them the next week.Schiff’s California cannot house its own people or keep the grid upright through a heat wave, but it can hold a grudge indefinitely.Tax policy is fair game.
Argue the brackets and the carried interest until everyone is hoarse.But a senator from the state that lost SpaceX has little standing to lecture anyone on who earns the right to be rich.
California has been shedding employers for years.Its marquee names keep filing change-of-address forms to Austin.
SpaceX joined the exodus in 2024, heading for Texas, a place where getting approval doesn’t require surviving three governors and two economic cycles.Make a state slow and expensive enough, and the builders stop asking why.
They book a moving truck. There is also the matter of X, the platform Schiff just used to air his grievance.Before Musk owned it, the site ran like a facult...