Mark Cuban Says the Stock Market Makes Guys Like Elon Musk ‘Insanely Rich’ — But Eliminating Billionaires Would Trigger the ‘Worst Depression’ Ever Seen

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Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTCaleb NaysmithSat, June 20, 2026 at 5:00 PM GMT+2 4 min readElon Musk crossed a milestone few thought possible earlier this month when SpaceX (SPCX) completed its long-awaited initial public offering (IPO), helping push his net worth past the $1 trillion mark.The achievement sparked familiar criticism about billionaire wealth. Mark Cuban responded with a different argument: Musk’s fortune exists because millions of Americans decided they wanted a piece of the stock market.More News from BarchartDear MicroStrategy Stock Fans, Mark Your Calendars for July 4Sandisk AI Memory Boom Is Far From OverFrom ‘Hold’ to ‘Buy’: Here Is Why Truist Just Changed Its Mind on DDOG Stock