Elizabeth Warren and Elon's haters say Elon is rich because of government contracts. Wrong.
70% of SpaceX's revenue comes from Starlink, Elon's satellite Internet service.
It is true NASA subcontracts with SpaceX for its rocket launches because Elon can launch rockets into space for one-quarter of the cost of anyone else . . . because Elon and his team invented reusable rockets.
The Biden Regime decided not to use SpaceX for political reasons -- decided to use Boeing to carry astronauts to the space station. But Boeing was unable to get the astronauts back to earth.
The astronauts were stranded at the space station for nearly a year.
Elon had to rescue the astronauts.
Because Elon is able to put up satellites so cheaply, 70% of the working satellites currently orbiting earth are from SpaceX.
Jeff Bezos is also trying to launch rockets into space.
His rockets mostly just blow up on the launch pad -- because launching rockets into space is hard.
America's space program was dead -- until Elon came along and built his own space program at his risk.
Elon also pioneered solar powered energy storage for electric power grids -- because the sun provides limitless, free, clean energy. This is a Tesla product that is primarily purchased by governments.
Elon also has the Boring Company, which aims to solve the urban traffic congestion problem by boring earthquake-proof flexible tunnels under cities.
Obviously, these can only be purchased by governments.
So, yes, some of Elon's business (a small fraction) has come from government contracts.
But Elon is rich because he focuses on solving the world's most important problems.
Elon's company Tesla is dedicated to transitioning the world to unlimited, free, clean, sustainable energy primarily by using the nuclear reactor in the sky called the Sun that is a source of unlimited free energy.
The sun provides the power, the batteries the storage. That's Elon's vision.
Also, Elon is not trying to transition the world away from fossil fuel use by force of government.
He is doing it by creating better products. Teslas are objectively superior and more cost-effective cars -- which is why the Tesla Model Y is now the bestselling car in the world.
Liberals used to love Elon because of Tesla's mission -- to transition the world to clean energy.
But now they hate Elon because he moved from being a Democrat to being a Republican. So Democrats organized terrorist attacks on Tesla dealerships and on Tesla owners.
Elon also has a company called Neuralink, which is solving wiring problems in the brain so that blind people can see, paraplegics can walk, and mental illness (such as bipolar disorder, depression, schizophrenia) can be solved.
Elon lives very modestly. He doesn't have a mansion.
The rumor is he doesn't even have a home.
All of his capital is tied up in his companies. His trillion-dollar net worth is only on paper, in the form of the stock he owns in his companies.
He's only worth $1.2 TRILLION on paper because his investors say he's worth this. The market says he's worth this.
In all, Elon's companies provide jobs to more than 160,000 people.
If you count all the companies that do business with Elon's companies (battery makers, chip makers, etc), Elon provides exponentially more jobs than this.
On the day SpaceX went public, 4,400 SpaceX employees became millionaires because of stock they owned in SpaceX. These new millionaire SpaceX employees include janitors, cafeteria workers, groundskeepers.
Elizabeth Warren and Democrats think this is horrible -- because Elon is showing that the American Dream is still alive and well in America.
Elizabeth Warren and today's Democrat Party openly hate America -- openly hope America loses to Iran.
Elon arrived here as an immigrant from Africa with nothing -- a few dollars in his pocket -- and then built all this.
In 1995, he created Zip2, which was an early online mapping company and city guide. When he and his partners/investors sold this to Compaq in 1999, Elon got $22 Million.
He then co-founded PayPal in 1999-2000. He and his partners/investors sold PayPal to eBay in 2004 for $1.5 BILLION. Elon's share from the sale was $180 MILLION.
He then found SpaceX in 2002, investing $100 MILLION of his own money -- pretty much risked his entire fortune on this enterprise. When I read about this, I thought this project had a near-zero chance of success. Who starts their own space exploration company?
Two years later, he also acquired a small company called Tesla in 2004. He invested $70 MILLION of his own money in this. Who in their right might decides to try to replace the existing fossil-fuel auto industry with battery-powered cars when the battery technology did even yet exist?
But almost every venture Elon tries works, spectacularly.
People invest in Elon because he makes money for those who invest in Elon over the long-term.
Would you rather invest your money in Elon, who will multiply your money because he knows how to use capital productively and efficiently . . . or in government, which will just use your money to finance more Somali fraud and more corruption?
Elon does not wake up each day and think: "How big of a yacht can I buy? How big of a mansion can I buy?"
Elon works 100 hours a week.
He thinks about increasing his rocket launch schedule so that he can colonize Mars in his lifetime . . . because his #1 goal in life is to transform humans into an interplanetary species . . . so that human consciousness can be extended beyond the lifespan of the earth.
This sure doesn't sound selfish to me.
Elon does not think about making money. He thinks about solving problems.
The money then just arrives because he's very good at solving problems. So investors voluntarily throw their hard-earned money at Elon.
He doesn't steal money like the government does.
He takes people's money, multiplies it, and returns it to investors -- at multiples of 10x, 20x, 100x.
Thomas Edison also got rich. He gave us the incandescent light bulb, the electric power grid, the phonograph, motion pictures, and more.
Elizabeth Warren thinks it's just horrible for inventors to get rich.
But how many trillions and trillions of dollars in wealth for others did Edison's inventions create?
How many jobs?
Thomas Edison created America's industrial revolution with his inventions.
Elon is today's Thomas Edison.
Elon is also saving America.
Elon saved free speech through his purchase of Twitter for $44 BILLION.
If Elon had not done this, free speech in America would be over. And it's highly doubtful Donald Trump would have won back the Presidency in 2024.
So Elon saved America with his purchase of Twitter.
Elizabeth Warren says Elon should have to pay a 5% wealth tax every year -- which shows how ignorant she is about how economics works.
Elon has almost no liquid cash sitting around.
His money is tied up in his companies.
If he had to sell 5% of his stock holdings every year to pay this tax, the stock market would crash.
He would have to fire his employees and downsize his businesses.
Why would anyone invest in his businesses or in any enterprise if the government is just going to come in and take 5% of it every year?
But this is how socialists think.
They think economics is a "zero sum" game.
They think Elon's money comes from someone else.
No.
Elon is literally creating wealth for all with his inventions. Elon creates wealth out of his brain.
Elon is now creating an army of AI humanoid robots that he says will take over most manual tasks.
He says that we are reaching a point when work will be optional, and when everyone will have a high income and nice life without working at all.
He calls this Minimum Basic Income -- but at a high level.
People will then be free to work on things they want to work on.
Sounds pretty good to me.
Elon also overcame horrific bullying when he was a kid. He overcame this without harboring resentment toward humanity.
In fact, it appears his primary motivation is to help humanity survive and prosper.
How many jobs has Elizabeth Warren created?
Zero.
How many of the world's most pressing problems has Elizabeth Warren solved?
Zero.
What of value has Elizabeth Warren delivered to the world?
Zero.
What Elizabeth Warren specializes in is stoking ENVY -- which is one of the seven deadly sins.
ENVY is a powerful and highly destructive force.
ENVY powered Communism and the slaughter of hundreds of millions of people during the 20th Century.
ENVY is what powers today's Democrat Party.