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Elon Musk

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SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020
Photo: Britta Pedersen/Pool/Getty Images

Where does money come from, and how did it get that way?

Most people assume that it all started with bartering, but the barter theory, popularized by Adam Smith in The Wealth of Nations — which supposes that human societies traded goods for one another before developing currency — has…

Photo: Richard Newstead/Getty Images

The SPAC (special-purpose acquisition company) mania continues in spite of ongoing criticism and warning bells of a speculative bubble popping. But for the emerging electric vehicle and EV-adjacent economy, the alternative fundraising vehicle has proven to be a vital lifeline, writes Medium editor-at-large Steve LeVine. …

Elon Musk on the red carpet of the Axel Springer Award 2020 on December 1, 2020 in Berlin, Germany. Photo: Britta Pedersen/Pool/Getty Images

“Underestimating Elon is not a good idea,” Bill Gates said on Kara Swisher’s podcast the other day. But really, at this point, who is underestimating Elon Musk? The man is everywhere, influencing everything (or trying to). In addition to hyping his own companies, he’s chiming in on cryptocurrency and “Gamestonk,”…

Off Brand

Photo: Thomas Trutschel/Getty Images

Sorting out winners and losers in the GameStop spectacle and the related meme-stock market mess is getting confusing. Is the little-guy investor crushing the Wall Street establishment? Is Robinhood still a villain or more popular than ever? Will any of this affect GameStop’s actual future as a business?

Who knows…

Low-angle view of the facade of Tesla Motors dealership with logo and sign in Pleasanton, California.
Photo: Smith Collection/Gado/Getty Images

Tesla is on a monumental, yearlong stock price tear, and here is one way to grasp the enormity of it: It is now worth as much as big oil companies ExxonMobil, Chevron, BP, France’s Total, and Italy’s Eni combined in addition to car manufacturers General Motors, Volkswagen, Ford, and Nissan…

No Mercy No Malice

An illustration of one of the violent rioters sitting in the Senate chamber well chair from Jan. 6’s attempted coup.
Illustrations: Scott Galloway

On my podcast last week, public health expert Dr. Abdul El-Sayed highlighted that while viruses are naturally occurring, epidemics are a function of human action or inaction. This week, as a mob overran the U.S. Capitol, his observation registered increased purchase.

Extremism, misinformation, sociopaths stewarding profit-incentivized algorithms: All viruses. What…

A satellite tracker image is seen displayed on a smartphone with a Starlink logo in the background
Photo: Pavlo Gonchar/SOPA Images/LightRocket/Getty Images

Founded in 2002 by Elon Musk, SpaceX is the first private company to launch a reused rocket, to complete a resupply mission to the International Space Station, and, in 2020, to launch humans into orbit. Its reusable rockets allow the company to charge some of the cheapest rates available for…

NUMBER OF THE DAY

$123 billion: Elon Musk’s net worth as of Thursday, making him the world’s third-richest person. Source: Bloomberg
Photo illustration, source: Patrick Pleul/dpa-Zentralbild/ZB/picture alliance/Getty Images

$123 billion: That was Elon Musk’s net worth by the end of stock trading Thursday — a $13 billion jump from Monday — making him the world’s third-richest person.

After a dozen years of the brow-furrowed tut-tuts of naysayers galore, Tesla on Monday was approved for entry to the halls…

No Mercy No Malice

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.
Photo: Frederic J. Brown/AFP/Getty Images

Every decade, there’s at least one financial crisis somewhere in the world. When asked what a recession was, Jamie Dimon responded, “Something that happens every five to seven years.” It’s been 11. One of the many strange things about a crisis is that the country of origin (this time, China)…

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