The Damage Report
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Elon Musk's $1.7 TRILLION SpaceX Scheme Is Falling Apart
Posted
June 23, 2026
Views
98,363
Likes
3,982
Comments
824
Engagement
4.89%
June 23, 2026
98,363
3,982
824
4.89%
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4:55Now PlayingSpaceX's historic IPO valuation is making headlines, but critics say the numbers don't add up. John Iadarola breaks down why Elon Musk's decision to roll X, xAI, and other struggling ventures into the SpaceX ecosystem could expose investors to massive legal and financial risks. Tell us what you think in the comments below.
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"Elon Musk became the world’s first trillionaire after shares of his rocket company SpaceX soared in Wall Street’s biggest initial public offering of stock.
Shares in SpaceX jumped more than 19% after opening for trading at noon Friday, a sign that investors are looking past the billions the company is losing and instead betting that its massive investments in satellites, orbital data centers and artificial intelligence will pay off in the future."*
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"Climate change is a reality. We're already feeling its effects around the world, and things are only going to get worse unless we seriously address this threat. But at the same time, many Americans don't even accept the basic science of climate change. So to help deal with this, The Young Turks teamed up with Rogue Kite Productions and Verizon's Go90 to document what's actually going on in the Arctic, how things are changing, and what the work of climate scientists actually looks like off on the remote edges of the world. And we weren't averse to having a bit of adventure along the way, so we sampled the history and culture of the Arctic while on the road.
The end result was True North, a new series that charts our exploration of the Norwegian Arctic, from surviving the savage wilderness to meeting the people who call it home. Exploring the Arctic on foot and by ship was an emotional roller coaster, so in talking about the experience, I've chosen to organize the highlights of our adventures based on the strongest emotions I experienced — both positive and negative — along the way."
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