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Barchart
Barchart
Caleb Naysmith

Mark Cuban Says the Stock Market Makes Guys Like Elon Musk ‘Insanely Rich’ — But Eliminating Billionaires Would Trigger the ‘Worst Depression’ Ever Seen

Elon Musk crossed a milestone few thought possible earlier this month when SpaceX (SPCX) completed its long-awaited initial public offering (IPO), helping push his net worth past the $1 trillion mark.

The achievement sparked familiar criticism about billionaire wealth. Mark Cuban responded with a different argument: Musk’s fortune exists because millions of Americans decided they wanted a piece of the stock market.

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