Elon Musk: Always A Douche

[Crazy_Ivan80]

it's pretty disgusting.

The trillion dollars or the thousand baby mommas? 

 

The trillion more than the mommies as that isn't particularly unique in human history. But it's still pretty odd.

[Valmy]

Elon Musk becomes the world's first trillionaire with SpaceX's IPO

So... now he can leave of his children a billion dollars?

And...why? For making a mediocre car company, a reasonably profitable satellite company, and a bunch of money losing disasters? How far can you get in this country just on bullshit? Pretty fucking far I guess.

It causes me to lose faith in our entire system.

[Valmy]

The IPO raised $75 billion. The trillion + is an implied valuation based on the public per share trading price of the available public shares.  That doesn't mean there is a ready and willing buyer out there prepared to pay a trillion plus for Elon's shares.

Musk tried to downplay the trillion dollars yesterday by saying that only .1% of his wealth is in cash... which is a billion dollars in cash.  He's down in the struggle like the rest of us.

"You never give me your money
Your net worth is only funny paper"

But it is not even paper these days. Funny spreadsheets.

But he basically has infinite money as he can borrow any amount he wants using his paper wealth, but that hasn't really changed since he only had 100 billion.

[HVC]

You'll never have a mars colony with that attitude!


Actually, is he still peddling that, or has he moved on to AI butlers?

[Valmy]

I just want to point out the the right wing nuts were convinced that George Soros was able to control the world with his vast wealth of only 15 billion dollars. According to them Elon Musk could rule 60 earths.

[The Minsky Moment]

Musk tried to downplay the trillion dollars yesterday by saying that only .1% of his wealth is in cash... which is a billion dollars in cash.  He's down in the struggle like the rest of us.

I do have sympathy for his plight.  Sure he probably can cobble together enough cash to build the world's largest supersuperyacht or a controlling stake in most S&P 500 companies.  But he probably can't buy Argentina without financing.  He's doing OK but he's still got a while to catch up to Lex Luthor.