Musk is the first person to reach this threshold in history. Our brains struggle to conceptualize what truly large numbers look like, which is why putting things on a scale is helpful. Check out Engaging Data’s visualization of his extreme wealth to wrap your head around this number.

As of March 11 2025, Musk’s 42% ownership of SpaceX accounts for 44.3% of his wealth. His 12% stake in Tesla contributes another 30.8%. Government contracts boost SpaceX’s valuation, while public subsidies enhance Tesla’s profitability.

As Tesla’s largest shareholder, Musk leverages his stock holdings to access vast sums of cash without selling shares, using a strategy common among billionaires: securities-based lending.

Unlike most Americans who must sell assets to access wealth and, as a result, pay taxes, securities-based lending lets Musk borrow against his Tesla shares and avoid paying (capital gains) tax. 

Tesla is Musk’s only publicly traded company. When we invest in the S&P 500, we invest in Tesla, bolstering the value of Elon Musk’s 12% stake. The higher the value of Tesla, the more money Musk can access. 

Three institutional investors—Vanguard, BlackRock, and State Street Corporation—control a combined 12.57% of Tesla stock. These shares represent millions of ordinary people’s capital, channeled through mutual and exchange-traded funds, often by default retirement plan options.

We’re a small group of Americans divided by generations and ideology, but united by the goal to get Elon Musk’s money out of politics.

Like the three authors behind The Federalist Papers, we’ve chosen to use the pseudonym Publius to focus attention on the argument and reduce the threat of economic and/or social retaliation.

Publius is the pseudonym shared by Alexander Hamilton, James Madison, and John Jay, the authors of The Federalist Papers. The name was taken from Publius Valerius Publicola, a Roman aristocrat who helped to overthrow the monarchy in 509 BC and create the Roman Republic. The Federalist Papers are a collection of letters and essays published in New York newspapers in 1787 and 1788 urging citizens to ratify the U.S. constitution. A number of our founding fathers published anonymous texts under pen names to:

• Focus reader attention on the arguments and not the authors’ identities;
• Protect themselves from being intimidated or ostracized socially and/or economically;
• Hide that they were members of the Continental Congress.

Popular pen names at the time included the names of Greek and Roman statesman (like our Publius), as well as occupations—A Federal Farmer, A Ploughman, A Soldier.

We stand for small investors from all walks of life—people just starting out with barely enough for a Roth IRA, young investors flocking to exchange-traded funds in record numbers, retirees worried about their retirement savings as stocks drop, and everyone in between. When thousands of individual investors stop buying Tesla shares and sell those they own, we turn economic power into political capital. We‘re challenging powerful, entrenched interests that prefer the status quo. 

Make no mistake, it’s a bold plan, but the magnitude of the task doesn’t mean failure is a given. Americans have never backed down from seemingly impossible fights. Standing against overwhelming odds isn’t just something we do, it’s the bedrock of our national character and the essence of our founding story.

Today, we carry that same revolutionary spirit as we break down the walls of wealth inequality, fighting against interlocked systems of investment and politics that are rigged to benefit billionaires at our expense. This isn’t just about financial freedom—it’s about dismantling the elite’s grip on our economic and political future for generations to come.

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