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Elon Musk’s fortune crossing the $900 billion mark again is not a fluke of luck but the predictable result of American ingenuity rewarded by free markets, and it should make every patriotic taxpayer proud. After a period of turbulence for SpaceX, institutional investors disclosed big stakes and the market moved—proof that capital follows competence, not virtue signaling.
SpaceX shares jumped more than 6% to trade near $150 on Monday, continuing an extraordinary rebound that followed an all-time low earlier this month and added roughly $47.7 billion to Musk’s net worth, which Forbes valued at about $911.9 billion. That surge vaulted Musk back to the top of the global rich list by a wide margin, a status earned through risk-taking and relentless focus on innovation rather than begging for government favors.
What flipped the script was a regulatory disclosure deadline that forced institutions to reveal massive positions in SpaceX, including Harvard’s roughly $2.2 billion stake and big holdings reported by the likes of Nvidia, BlackRock, Fidelity and other heavyweight investors. The lesson is clear: even the elites who posture about woke priorities park serious capital behind American rocket science and AI when real returns are on the table.
That revelation should shame the campus moralists who lecture the country about inequality while quietly cashing checks from the companies they publicly condemn; there’s an ugly double standard when institutions preach values by day and trade for profit by night. The conservative case has always been that markets—not lectures—lift living standards, and seeing Harvard’s endowment lean into SpaceX is a live demonstration of that truth.
Even the skeptics on Wall Street were forced to recalibrate after SpaceX’s earnings and analyst commentary highlighted the company’s strengths, from vertical integration to a fast-moving AI business that some firms say could drive massive revenues. When brokerages and analysts point to fundamentals, conservatives should lean in: success built on product, performance and competition deserves defense, not envy-driven taxation and regulation.
This moment is a reminder to hardworking Americans that the engine of prosperity is still entrepreneurship, not Washington fiat. Conservatives must defend the reward system that produces the rockets, the satellites, the jobs and the technological breakthroughs that secure America’s future—and applaud leaders like Musk who stick their necks out to build something the rest of the world envies.
