For all the media bluster that Elon Musk’s hostile takeover of Twitter could ultimately nuke his net worth, the goalposts have since been moved and those same media talking heads are having a meltdown over the fact that the world’s richest man just proved all of them wrong.
Musk’s SpaceX skyrocketed in value per share by 20 percent June 12, eclipsing the IPO price at $135. This effectively lifted Musk’s net worth past the $1 trillion milestone and cemented him as the globe’s first trillionaire.
When Musk first purchased Twitter with a $44 billion bid in 2022, a number of disgruntled lefty outlets seething over one of their censorial narrative gatekeeper platforms being hijacked projected holistic financial doom for Musk. Business Insider beamed October 2022 that “[t]aking control of Twitter left Elon Musk $8 billion worse off overnight.” Fortune magazine sneered in May 2022 that while Musk was “busy” announcing “changes to his political leaning and thrashing ‘wactivists’ on Twitter, the share price of Tesla sank to its lowest level of the year, wiping $12.3 billion from his net worth.” Forbes was quick on the draw as early as April 2022, finger-wagging that “Elon Musk’s Proposed Twitter Takeover Has Already Cost Him $9 Billion.”
In 2023, then-CNN Business Executive Editor David Goldman snorted that “Elon Musk’s wealth destruction has become historic.” Since then, not only has X.com (formerly Twitter) roared back to a $44 billion valuation according to The Financial Times, but recent reporting from The Motley Fool projects Tesla shares to soar in the second half of 2026; having already completed a one percent climb on SpaceX’s coattails.
Now, instead of admitting that Musk’s business acumen once again outplayed his detractors in the long term, the lefty media have descended into a wacky tailspin by whipping out the exhausted bourgeoisie vs. proletariat binary to make Musk seem like an arch-villain in Corporate America who doesn’t deserve his wealth. Like we haven’t heard that one before.
To that end, MRC Business compiled a list of the top 10 media freakouts over Musk’s trillionaire-achievement that have blanketed the airwaves and internet the past few days.
1. The Verge Calls ‘World’s First Trillionaire’ a Mass ‘Killer’
Attorneys with an expertise in tort litigation are going to have a field day with this one. A major lefty tech outlet screeched that Musk becoming a trillionaire is tainted by the fact that he’s somehow a murderer. No, we’re not kidding.
The Verge Senior Editor TC Sottek didn’t even try to hide his hatred for rich people in a June 12 item, the headline of which read simply, “The world’s first trillionaire is a killer.” And what was the rationale for Sottek’s wild-eyed spiral into potential lawsuit-territory? Oh nothing of import really, other than Musk’s DOGE operation that sought to gut excessive government bloat and waste from federal expenditures. In Sottek’s logic, that makes Musk guilty of — *checks notes* — genocide:
Read Full Article: https://newsbusters.org/blogs/business/joseph-vazquez/2026/06/18/analysis-top-10-media-freakouts-over-elon-musk-becoming
