Musk's SpaceX IPO: The Trillion-Dollar Monolith SpaceX's record-breaking Nasdaq debut is a triumph of narrative over numbers. With Morningstar valuing the company at barely half the IPO price, retail investors are being asked to finance a science-fiction manifesto on faith alone. CHUPPALA NAGESH BHUSHAN HYDERABAD, June 12th, 2026 When the opening bell rang at New York's Times Square Nasdaq studio this morning, it did not simply mark the debut of a new stock. It announced the coronation of something larger and stranger — an $1.77 trillion entity that is simultaneously a rocket company, a satellite internet provider, an artificial intelligence venture, and a social media platform, unified almost entirely by the will and reputation of one man. SpaceX, trading under the ticker SPCX, is now a publicly listed conglomerate. Whether it is a sound investment is a considerably more interesting question. The raw numbers of the offering are genuinely staggering. By pri...
The Musk Doctrine How a man who grew up under apartheid came to sell sovereignty-as-a-service to nation-states, rewire American defence and, in the process, invent something that looks disconcertingly like a new ism CHUPPALA NAGESH BHUSHAN Jun 11th 2026 W hen historians of the early twentieth century sought to make sense of the social upheaval wrought by mass production, they did not merely catalogue Henry Ford’s eccentricities. They coined a term—Fordism—and used his factories and habits as a prism through which to read an entire civilisational shift. A similar intellectual exercise now presents itself with far greater urgency. Elon Musk is not simply a flamboyant billionaire with a weakness for social-media provocation. He is, argue Quinn Slobodian and Ben Tarnoff in their book “Muskism: A Guide for the Perplexed,” the load-bearing column of a new and distinctly unsettling political-economic order. The one-line definition the authors offer is decep...