Wealth Concentration

Federal antitrust lawyers say the $110 billion merger should increase competition. That is a narrow way to describe one owner holding Paramount, Warner Bros., Paramount+, HBO Max, CBS, CNN and a deep sports-rights shelf.

The $75 billion IPO gave public investors a low-vote slice of rockets, Starlink, defense launch and AI-compute leases. The tape loved the scarcity. S&P did not: no fast track, no float, no profits yet.

SpaceX had the biggest IPO in history on Friday. By the closing bell Elon Musk was the first trillionaire, about 4,000 employees were millionaires, and the people who put up the money got almost none of the votes. Here's what they actually bought.