
“We are all in the gutter, but some of us are looking at the stars,” Oscar Wilde wrote in his 1892 play Lady Windermere’s Fan. This week, Elon Musk managed — not for the first time — to be simultaneously in the stars and the gutter. SpaceX’s IPO valued his rocket company at $2 trillion — making Musk, officially, a trillionaire, the richest person in the world by a very large margin. The space Musk — the defiant genius who bet everything on a reusable rocket and the promise of a cosmic monopoly — is astonishing. The Wall Street Journal called the IPO a Goldilocks debut with Musk starring as the three bears.
But there is another Musk — the one in the gutter, promoting white nationalist violence from his platform on X. This week Musk not only stoked the anti-immigrant riots in Belfast but reiterated his support for the English white supremacist gangster Tommy Robinson.
So is this another Strange Case of Dr Jekyll and Mr Hyde, Robert Louis Stevenson’s 1886 novella? Keith Teare, publisher of That Was the Week, certainly thinks so. While Keith is in awe of Musk’s entrepreneurial genius at SpaceX, he seems to excuse Musk’s support for Tommy Robinson’s paramilitarism. “I’m not even sure I like him,” Keith confesses in his musings on “civilisation.” Nor do the rest of us.
But I wonder if this good/bad Elon narrative is too convenient. There is an uncomfortable symbiosis between Musk’s journey to SpaceX and to white nationalist violence. For all the utopian cornucopia of space, our earthly reality is one of scarce land and fear of immigrants — Trump, Tommy Robinson, and this weekend’s Swiss referendum on capping its population at 10 million. For all the Muskian promise of cosmic abundance, today’s Muskian politics is paranoid and exclusionary. So maybe it’s not just Elon. Everyone these days is simultaneously in the gutter and looking up at the stars.
Five Takeaways
• SpaceX: From El Segundo Warehouse to $2 Trillion Juggernaut: SpaceX is 25 years old. It started in a warehouse near Los Angeles, in an area with a concentration of rocket scientists. Musk bet almost all of his Tesla gains on the idea of a reusable rocket — and nearly lost everything. Then a rocket worked. Since then: iterative improvement, the rockets getting bigger and more reliable, a virtual global monopoly on delivering payloads to space, Starlink (satellite internet that actually works at gigabit speeds), and NASA subcontracting its launches. Now: $2 trillion at IPO, Musk a trillionaire. Wall-to-wall applause from the startup world. Wall-to-wall pylon on social media. Both simultaneously true.
• The Grimace vs the Applause: Andrew vs Keith’s Media Diet: Keith says most commentators are grimacing at the valuation and Musk’s net worth. Andrew says the serious press — the Wall Street Journal, even the New York Times — is largely applauding. The exchange reveals the media bifurcation: mainstream outlets cover the achievement; social media — X, Facebook, LinkedIn — is wall-to-wall outrage about a trillionaire in a world of growing inequality. Keith’s verdict on Musk: he doesn’t care whether people like him. Neither, in Keith’s view, should we. You judge him not on likability but on criteria: civilization or net worth. Different criteria, different judgment.
• California and Europe: The Failure of Government: Fareed Zakaria in the Washington Post: California is a case study in failed government. Andrew had Jonathan Weber on the show this week — City on the Edge, the historic dysfunctionality of San Francisco city government. Fukuyama is trying to be optimistic about Europe’s liberal future. Keith’s counter: Fukuyama ignores the structural problem — top-he