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Query: If Elon says $ will be obsolete in the future, why would I invest my $ in SPCX?
Posted on 10/22/26 at 9:43 am
Posted on 10/22/26 at 9:43 am
The purpose of investing in companies is to deploy capital in the hope that it returns to you gains in the form of more money then you invested.
So why would I invest in something where the CEO is openly working towards making my capital investiture worthless?
Having a hard time comprehending this logic.
So why would I invest in something where the CEO is openly working towards making my capital investiture worthless?
Having a hard time comprehending this logic.
Posted on 10/22/26 at 9:48 am to Covingtontiger77
I don’t understand how UBI will ever work. It surprises me that Elon makes it sound like this will be a good thing for society.
I honestly think it’s pie in the sky and will never happen but Elon is a hell of a lot smarter than my dumb arse
I honestly think it’s pie in the sky and will never happen but Elon is a hell of a lot smarter than my dumb arse
This post was edited on 10/22/26 at 10:40 am
Posted on 10/22/26 at 9:52 am to Covingtontiger77
You have to filter out half the bs Elon says
Posted on 10/22/26 at 9:58 am to Tiger4life306
quote:
You have to filter out half the bs Elon says
IDK about that.
The dude has the will and money to make just about anything he dreams up work, at some level.
Posted on 10/22/26 at 10:01 am to Snipe
Google search: Nola Loop Elon Musk
And then report back
And then report back
Posted on 10/22/26 at 10:03 am to Snipe
quote:if money is power then yes he has more power than any single person in the history of the world. I’d suggest that’s not really what we want, but nobody would listen
The dude has the will and money to make just about anything he dreams up work, at some level.
Posted on 10/22/26 at 10:03 am to supadave3
I'm as anti UBI as they come but what other option is there if 50% of jobs are taken away?
Posted on 10/22/26 at 10:31 am to Covingtontiger77
If money is not obsolete and the company does well, you profit.
If money is obsolete because AI and robots make goods and services so abundant that people won't need traditional income, who cares?
If money is obsolete because AI and robots make goods and services so abundant that people won't need traditional income, who cares?
Posted on 10/22/26 at 10:33 am to Covingtontiger77
For that pesky time between now and utopia. I have little doubt that AI will produce abundance, although the timeline is not clear or what that transition will look like.
Posted on 10/22/26 at 10:35 am to Covingtontiger77
quote:
Query: If Elon says $ will be obsolete in the future, why would I invest my $ in SPCX?
So that he can control that worthless dough.
Posted on 10/22/26 at 12:14 pm to Covingtontiger77
Makes perfect sense to me. If money will become obsolete, the obvious move is to exchange it now while you still can for a larger share of access to resources and means of production.
Damnit! I'm an index investor but now you got me itching to go buy some SpaceX.
Damnit! I'm an index investor but now you got me itching to go buy some SpaceX.
Posted on 10/22/26 at 12:25 pm to Covingtontiger77
quote:Jensen Huang said AGI had arrived. If so, Nvidia should be essentially worthless fairly soon. Many companies will be if he’s right.
So why would I invest in something where the CEO is openly working towards making my capital investiture worthless?
If the Musk/Huang rhetoric is true, the stock market is the past in terms of storing value. Hard assets, specifically the ones that support infrastructure/energy, are the future stores of value. Think silver, copper, platinum, uranium etc.
This post was edited on 10/22/26 at 12:32 pm
Posted on 10/22/26 at 12:35 pm to Covingtontiger77
need to define time table for "future"
next week, then no need to invest, 50 years from now, ill be dead....
next week, then no need to invest, 50 years from now, ill be dead....
Posted on 10/22/26 at 1:10 pm to beaverfever
quote:Won't they plummet in value in this future abundance scenario where robots are mining asteroids?
Think silver, copper, platinum, uranium
Loading Twitter/X Embed...
If tweet fails to load, click here.This post was edited on 10/22/26 at 1:14 pm
Posted on 10/22/26 at 1:26 pm to Covingtontiger77
Richest man in world tells us money doesn't matter 
Cool story Elon, how about throwing a few Billion my way.
Cool story Elon, how about throwing a few Billion my way.
Posted on 10/22/26 at 1:36 pm to Tampa Ray
Notice he isnt cash rich. His wealth is tied up in high growth potential industries. Musk just announced he was giving away $10 billion of SpaceX stock to American kids and more to follow.
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