The Ben Shapiro Show - June 16, 2026


The Truth About Elon Musk's Trillion-Dollar Fortune


Episode Stats


Length

7 minutes

Words per minute

175.77

Word count

1,330

Sentence count

107


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcripts from "The Ben Shapiro Show" are sourced from the Knowledge Fight Interactive Search Tool. Explore them interactively here.
00:00:00.000 The Democrats are big mad about Elon Musk's gigantic SpaceX IPO still.
00:00:04.000 So, over the weekend, the envy just grew and it festered.
00:00:07.000 Complexions became more and more green.
00:00:09.000 The usual cast of characters weighed in to claim that Elon Musk's wealth itself is unfair and bad for democracy because there's sort of a limit.
00:00:15.000 And if you get past that limit, you become evil.
00:00:17.000 Elizabeth Warren must have lobotomized herself to become this bad at Econ 101.
00:00:21.000 There is no other explanation for this level of stupid.
00:00:23.000 Here was Elon Musk over the weekend talking about the SpaceX IPO.
00:00:30.000 It is certainly.
00:00:32.000 Hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever.
00:00:53.000 And let me tell you, if people had told me this was going to happen, I was like, man, you must be smoking some really good crack.
00:01:03.000 Because I think this company is going to fail.
00:01:10.000 I mean, I gave SpaceX less than a 10% chance of succeeding at all, to be clear.
00:01:20.000 In fact, I told people this.
00:01:21.000 I said, look, we're probably going to fail, but we should give it a try because if we don't, if there's not a new company that enters space, we will never be a truly space bearing civilization.
00:01:33.000 Okay, so again, it's an amazing thing.
00:01:35.000 I mean, what he's done with SpaceX is incredible.
00:01:37.000 It's an amazing, amazing company.
00:01:39.000 Naturally, Democrats are super duper ticked about it.
00:01:41.000 Elizabeth Warren, again, a person who has not generated anything in her life other than apparently she has some ownership in single family homes in Oklahoma or something, and she's made herself a good living that way.
00:01:52.000 But aside from that, she says that Elon's wealth is a rigged economy.
00:01:55.000 It's a rigged economy.
00:01:57.000 Again, Elon Musk has provided a good or service at the lowest possible price to NASA and to a wide variety of companies.
00:02:05.000 He's generating outsized productivity gains and wealth for a huge number of people.
00:02:10.000 And Elizabeth Warren is big mad for some reason about it.
00:02:15.000 Elon Musk is officially the world's first trillionaire.
00:02:19.000 Think about that.
00:02:20.000 We're living in a time when more and more people are just hanging on by their fingernails to survive in this economy.
00:02:25.000 What does that have to do with Elon Musk?
00:02:27.000 And Elon Musk has more money and more wealth than anyone in human history.
00:02:33.000 There's always been someone who always had the most wealth.
00:02:35.000 This is not just some fluke.
00:02:37.000 It is a feature of a rigged economy.
00:02:41.000 Donald Trump's big, beautiful bill cut health care for millions of Americans to give guys like Elon bigger tax breaks.
00:02:48.000 What the hell is she talking about?
00:02:50.000 Seriously, what is she talking about?
00:02:52.000 That the big beautiful bill was designed for Elon.
00:02:54.000 Elon opposed the big beautiful bill.
00:02:55.000 Do you remember this?
00:02:56.000 He got in a gigantic fight with the president over the big beautiful bill.
00:03:00.000 So, again, she's just totally full of it.
00:03:02.000 It's nonsense.
00:03:03.000 We live in a world where getting enough fruits and veggies into your daily diet still feels like a major logistical challenge.
00:03:08.000 This is not a knowledge problem.
00:03:09.000 Nobody's sitting around thinking, wait, vegetables are good for you?
00:03:11.000 Well, no, the basics here.
00:03:13.000 The issue is execution.
00:03:14.000 You wake up with the best of intentions, and then the day starts.
00:03:17.000 Meetings happen, travel happens, kids happen, your schedule gets hijacked by reality.
00:03:20.000 That's why I appreciate balance of nature.
00:03:23.000 It's become a part of my routine.
00:03:24.000 It's pretty popular around the Daily Wire as well.
00:03:26.000 Every morning, I get up, got to make myself that smoothie with the protein, pop some balance of nature in there, and you're good to go.
00:03:31.000 Balance of Nature's whole health system is made from real fruits, veggies, spices, and fiber.
00:03:35.000 It's a simple way to add more of the good stuff into your daily routine without overcomplicating your life.
00:03:40.000 If you've heard me mention Balance of Nature before, but you haven't looked into it yet, take a few minutes and check them out.
00:03:44.000 I think you'll be glad you did.
00:03:45.000 Visit balanceofnature.com today.
00:03:47.000 Subscribe to the whole health system to get an additional 10% off your subscription with promo code Shapiro.
00:03:53.000 That's balanceofnature.com, promo code Shapiro again.
00:03:56.000 Got a great deal on.
00:03:57.000 Go to balanceofnature.com today.
00:03:58.000 Subscribe to that whole health system and get an additional 10% off your subscription with promo code Shapiro.
00:04:03.000 That's balanceofnature.com, promo code Shapiro.
00:04:06.000 Meanwhile, Mehdi Hassan says, Mark Cuban, you're right that 60% of U.S. adults own stock directly or indirectly.
00:04:13.000 What you omit to mention is that the richest 1% of Americans own nearly 50% of the stock market, while the bottom half of Americans own just 1%.
00:04:22.000 And therefore, yes, it turns out that rich people are rich, and people who are not nearly as rich are not nearly as rich.
00:04:28.000 What in the world does that have to do with whether it is good for stock prices to go up?
00:04:32.000 For stock owners.
00:04:35.000 Brad Gerstner, who is an investor and he is one of the founders of the Trump accounts, had an exchange with Ro Khanna, very similar.
00:04:44.000 Gerstner said, Imagine if Bernie had taxed Elon Musk 100% on his PayPal capital gains.
00:04:48.000 We'd have no Tesla or SpaceX, none of those jobs or GDP.
00:04:51.000 Who do you think allocated the capital better for society?
00:04:53.000 He'll already pay $100 billion in taxes.
00:04:56.000 And Ro Khanna said, Brad, a 5% tax on Elon's trillion dollar net worth would literally pay for free college and trade school for every American.
00:05:03.000 And with the market's growth, he would still be worth over a trillion dollars.
00:05:05.000 You don't think that's worth it?
00:05:09.000 I'm just like this idea that if you just confiscate more wealth from Elon Musk, that magically fix everything, that is incredibly stupid.
00:05:19.000 It is just incredibly stupid.
00:05:20.000 We are already spending more money than any government has ever spent in the history of humanity.
00:05:25.000 It has not made things cheaper, it has made things more expensive.
00:05:29.000 That is the way that it works.
00:05:32.000 Again, Elon Musk minted 4,000 millionaires with the IPO.
00:05:38.000 But apparently he's bad.
00:05:39.000 Meanwhile, Hassan Piker, a true useless human being, truly useless, worse than useless, counterproductive to America.
00:05:48.000 He's a natural born American citizen, which is unfortunate because if he weren't, we'd have a great case for deportation.
00:05:52.000 In any case, Hassan Piker says Elon Musk is a failure.
00:05:56.000 Yeah, he's the failure, my dude.
00:05:58.000 Sitting there drinking from a glass of wine the size of a gallon jug.
00:06:05.000 Elon Musk is a failure.
00:06:09.000 And yet.
00:06:11.000 In spite of his failures, because he lucked into a, you know, initial, because he happened to be at the right place at the right time, he has failed upwards with his endless wealth.
00:06:31.000 He has failed upward with his endless wealth.
00:06:33.000 Failed upward?
00:06:34.000 Weird, because I feel like he actually succeeded upward.
00:06:38.000 The uselessness of these folks.
00:06:39.000 Truly useless.
00:06:41.000 By the way, apparently back in 2016, Hassan Piker was calling Elon a good looking designated genius, which, you know, times have changed.
00:06:49.000 Now he's too rich.
00:06:50.000 Wow.
00:06:51.000 Also, Hassan used to be a fatty.
00:06:54.000 You're a designated genius, you're a good looking dude, and you happen to be a billionaire.
00:06:59.000 Aside from being able to get people from San Francisco to LA in under 30 minutes, at today's press conference, you managed to give every single member of Al Qaeda the massivest hard on ever.
00:07:10.000 Anyway, Elon, I admire your conquest in becoming the real life Tony Stark without the creepy facial hair.
00:07:15.000 And for that, You are our bro of the week.
00:07:20.000 Mm hmm.
00:07:22.000 All right, Talbo.
00:07:25.000 What an amazing video you just watched.
00:07:26.000 Wasn't that amazing?
00:07:28.000 Well, you know, if you think so, head on over to dailywire.comslash subscribe to watch the full show ad free or check out this crazy story here.