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re: Elon Musk becomes the world's first trillionaire with SpaceX's IPO
Posted on 6/12/26 at 10:08 am to Chucktown_Badger
Posted on 6/12/26 at 10:08 am to Chucktown_Badger
He's the only automotive guy/company who paid back the government during the bailouts almost 20 years ago. You're likely driving a bailout subsidy Ford or GM truck as we speak. Analyze that.
0
Posted on 6/12/26 at 10:11 am to RLDSC FAN
Elon reminds me a lot of Epstein
He’s suspiciously rich even though I’ve seen like 3 teslas in my life and everybody knows space is fake
Maybe he’s the cia version of Epstein since everybody knows Epstein worked for mossad
He’s suspiciously rich even though I’ve seen like 3 teslas in my life and everybody knows space is fake
Maybe he’s the cia version of Epstein since everybody knows Epstein worked for mossad
Posted on 6/12/26 at 10:15 am to stout
quote:
Every other car company in the world tried to take advantage of that too and failed.
Totally. He built a better mousetrap.
Posted on 6/12/26 at 10:17 am to Chucktown_Badger
It’s crazy wealth when every day your net worth goes up or down by hundreds of millions
Posted on 6/12/26 at 10:17 am to bulletprooftiger
quote:
How much do you like paying taxes to fund space exploration and satellite launches when those things now belong to a private company?
If we're going to fund those things, which we can debate, I'd 100% of the time choose to have those go to a private company as private companies are always better at cost management and driving innovation. If they weren't better than NASA, the change wouldn't have been made.
The government will never be a good steward of your money because they can always just take more of your money.
For example, Comrade Mamdani is going to build a government owned grocery store in NYC...it's going to take $30,000,000 and 4 years. Private industry would do it for 1/5 that cost and in half the time.
This post was edited on 6/12/26 at 10:21 am
Posted on 6/12/26 at 10:22 am to RLDSC FAN
He deserves all of it. He single handedly saved this country buying Twitter.
Posted on 6/12/26 at 10:22 am to el Gaucho
Spacex IPO is somehow worth 1.77 trillion while his company has lost 5 billion last year
Posted on 6/12/26 at 10:22 am to RLDSC FAN
"But he has never achieved anything." - OT idiots
Posted on 6/12/26 at 10:23 am to Chucktown_Badger
quote:and charge you out the arse for said groceries
For example, Comrade Mamdani is going to build a government owned grocery store in NYC...it's going to take $30,000,000 and 4 years. Private industry would do it for 1/5 that cost and in half the time.
Posted on 6/12/26 at 10:26 am to Byron Bojangles III
Do you need free groceries?
Posted on 6/12/26 at 10:26 am to Byron Bojangles III
quote:
and charge you out the arse for said groceries
Which one? The govt one or the private one?
Posted on 6/12/26 at 10:26 am to RLDSC FAN
Averaged over his 31 years of entrepreneurship, his wealth grew at a rate of $3.6 million an hour.
That's insane
That's insane
Posted on 6/12/26 at 10:27 am to SlowFlowPro
quote:
I'm not sure if Elon owns a real house right now and works constantly. They really just don't understand
It's quite sad to stan for a trillionaire that doesn't know you exist.
Posted on 6/12/26 at 10:28 am to RLDSC FAN
Posted on 6/12/26 at 10:30 am to Byron Bojangles III
Musk is a master at getting everything he does ridiculously overvalued. Tesla stock was at one point (and possibly still is) more valuable than Ford stock, even though I probably see about 100 Fords on the road for every Tesla.
If you look at the threads on tigerdroppings about Musk from 5 or 7 years ago (before he got into conservative politics), he was pretty much known by the board to be a con man.
If you look at the threads on tigerdroppings about Musk from 5 or 7 years ago (before he got into conservative politics), he was pretty much known by the board to be a con man.
Posted on 6/12/26 at 10:32 am to UFFan
The left: Billionaires should not exist! Eat the rich!
Also the left: Let's welcome to the stage...JB Pritzker, Bruce Springsteen, Taylor Swift, and Oprah Winfrey!!! (thunderous applause)
ETA:
Also the left: NO KINGS!
And also the left: Please welcome King Charles III of England (standing ovation)
Also the left: Let's welcome to the stage...JB Pritzker, Bruce Springsteen, Taylor Swift, and Oprah Winfrey!!! (thunderous applause)
ETA:
Also the left: NO KINGS!
And also the left: Please welcome King Charles III of England (standing ovation)
This post was edited on 6/12/26 at 10:33 am
Posted on 6/12/26 at 10:34 am to AtlantaLSUfan
quote:
The Rothschild’s dogs are richer than Musk. They own the media companies and AP, are able to stay low profile.
They most certainly are not.
Posted on 6/12/26 at 10:40 am to CatfishJohn
quote:
Just a reminder:
A million seconds is about 11.6 days.
A billion seconds is about 31.7 years.
A trillion seconds is about 31,688 years.
Now divide his holdings by the number of seconds in his lifetime. I am too lazy to do it but I am sure it comes out to some absurd amount he has made every second. I saw that done for Sam Walton once on a weekly basis.
Posted on 6/12/26 at 10:41 am to Centinel
quote:
This is the important part. People think Musk has some giant Scrooge McDuck money vault he swims around in all day filled with billions of dollars, and we should just take all that cash and give it to the poor.
This country is full of fricking morons.
It's really not that important of a part. Anyone who is ultra-wealthy, a large portion of their wealth will be "on paper"
Posted on 6/12/26 at 10:41 am to Chucktown_Badger
I agree that the government is very bad at managing things that should be private and at getting involved in private industry. However, should space exploration and satellite launches be private industry and should the government have simply ceded its monopoly on those things without at least a passive ownership interest? The American tax payer funded all of the technology on which SpaceX is based and pays billions a year to buy stuff back from SpaceX.
Sure NASA was incredibly expensive. But we have just outsourced the expense of NASA at no benefit to the tax payer.
I don't think the Mandani grocery store is an apt analogy. That is taking a non-monopoly industry that is already private and well run, and making it government owned and intentionally inefficient. Space exploration was a government created monopoly.
Oh and Tesla's profits come mostly from selling fake carbon credits.
Sure NASA was incredibly expensive. But we have just outsourced the expense of NASA at no benefit to the tax payer.
I don't think the Mandani grocery store is an apt analogy. That is taking a non-monopoly industry that is already private and well run, and making it government owned and intentionally inefficient. Space exploration was a government created monopoly.
Oh and Tesla's profits come mostly from selling fake carbon credits.
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