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  "path": "/2026/06/musk-spacex-stock-market-ultrarich",
  "publishedAt": "2026-06-22T15:05:23.083Z",
  "site": "https://jacobin.com",
  "tags": [
    "Capital",
    "Rich People"
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  "textContent": "The SpaceX IPO made Elon Musk the world’s first trillionaire — and exposed the hollowness of the claim that the stock market has been democratized. Nearly 90% of stocks are owned by the wealthiest 10%, and that skew is only getting more extreme.",
  "title": "The Stock Market Boom Is a Boon for Billionaires",
  "updatedAt": "2026-06-22T15:05:23.083Z"
}