Elon Musk crossed into trillionaire territory on Friday after SpaceX began trading on Nasdaq at 150150, and Bernie Sanders quickly turned the moment into a warning about wealth, power and the gains Musk has made since Donald Trump's election. Forbes said the jump pushed Musk's net worth above 11 trillion, making him the first person to reach that mark by its calculation.
Sanders has spent years making the case that extreme wealth concentration is not simply an economic problem but a political one. Earlier this year, he and Ro Khanna proposed a 5% annual wealth tax on 938 billionaires in the US, and he has repeatedly used public appearances and social media to argue that billionaire fortunes sit uneasily beside stagnant living standards for ordinary Americans.
