The total combined annual revenue of Tesla and Space X is less and 150 billion dollars, but somehow Musk is worth a trillion dollars. Most of SpaceX's projected revenue comes from hoarding Nvidia chips that they now leasing to Google and Anthropic because no one uses Grok. Make it make sense to me. One thing I can say about Elon. He has the cheat code to the financial markets like it's a video game.
Time for some positivity: if you make 50k a year, your net worth valuation is ~2.3 Billion , congrats. ,you can afford to eat -Musk's formula (x 50k).
@Salvy @basso @CrixusTheUndefeatedGaul @Os Trigonum @Space Ghost I bought in at $150 Y’all can buy some stock in the free Palestine pizza company
It's not realy money it is electronic manipulation and slight of hand inflated value and accounting trickery BUT What it really is . . .is power and influence More important than money Rocket River
It may not be real money but it's real wealth. It's value that he can borrow against. What's better than spending your own money. Spending other people's money. When you are that rich, defaulting on a loan doesn't hurt you at all. The people who are loaning him the money don't care since it's not their money either. It's the money people stuck in their account and they can collect commissions off of it.
in terms of net worth, the IPO has just added quite a few new millionaires in El Segundo, CA (~7,000 employees) and Starbase, TX (~4,000 employees)
Tax him back to the billions !!! Most of his wealth is built from government subsidies. Tesla, Space X - all rely on our tax dollars to be viable companies. TAX THIS MAN....BIG TIME ! DD
sure, but I just looked it up, and his net worth was in 300 billion range before Trump took office and had ballooned up to 780 billion before now climbing past the trillion dollar range so he had already more than doubled his net worth all these dudes are making out like bandits now, but hey, drain the swamp and all that other nonsense I don’t want to hear Tilman talking about the luxury tax ever again, because if he wasn’t able to take advantage of the looting and pillaging of the country going on now, then he’s just a fail
No one is starving because the IPO. The wealth came mostly out of thin air. It's like if I created 1 million rockbox coins and I sold one to you for 100 bucks. You invested 100 dollars but I'm worth 99 million dollars and can borrow against it and push the economy. My scenario is sort of extreme but it's kind of what is happening here. The sad part here is that people investing resources like energy, water and real estate into something that really doesn't help humanity at all instead doing things like figuring clean energy, fighting disease and the climate.
Hahahahahahahahaha Look at all the woke losers who don’t know how invest money getting mad jealous brehs want to yank steve Francis’s chain @basso @Space Ghost @pgabriel @Salvy @Os Trigonum @RB713 @raining threes
