#SpaceX's IPO is expected to have made millionaires of more than 4,400 of its current and former staff. SpaceX's valuation is largely based on #optimism about its potential future earnings, as opposed to financial results it has demonstrated so far https://www.bbc.co.uk/news/articles/c4gypy3wwl7o
RE: https://mstdn.social/@TechCrunch/116737951651075611
The stock price reached as high as $176 in midday trading before ultimately settling 19% higher 📈 at $161.11 as markets closed.
well look at that, the world has made him a trillionaire...
Elon Musk becomes the world's first trillionaire with SpaceX's IPO - CBS News
#ElonMusk #spacexipo #trillionaire #billionaires #wealthinequality #wealth #money #investing #SpaceX
https://www.cbsnews.com/news/elon-musk-spacex-ipo-trillionaire-wealth/?ftag=CNM-00-10aag9b
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
Elon Musk Becomes World’s First Trillionaire Amid SpaceX IPO
#News #ElonMusk #SpaceX #SpaceXIPO
https://deadline.com/2026/06/elon-musk-first-trillionaire-spacex-ipo-1236955050/
RE: https://mastodon.social/@nixCraft/116737618421957719
"This technology is the Future! Give me a Trillion dollars! Yayy, White Power!"
There is something fundamentally wrong with how this World is run when Elon Musk can become it's richest man.
I just realized that everyone who becomes an investor must think they are way smarter than average, so they probably spend all day trying to figure out what everyone dumber than themselves would do, and then act on the assumption that will happen.
So not only is the #StockMarket full of idiots (who I am way smarter than), but they are all sitting there purposely trying to act even dumber.
Explains a lot.
The #SpaceXIPO is a quandry. I'd be tempted to say it's a short-seller's dream, but there are so many sycophants and musk fan boys that it could well keep the shares "irrationally exuberant" for a while.
Ultimately though, business fundamentals will surely force it to correct, right? right? Wouldn't touch it with the proverbial 10' pole.
The big question is – could this affair be the initiator of the coming bubble pop so many have been expecting.
With how much government money he gets, it really seems like Elon thought DOGE would uncover so much wasteful spending because he was thinking like, "I can't be the only one"
It's always projection.
"Too Big To Fail"
Remember that?
Now tax dollars (and Pounds) will go into bailing out the AI companies when the bubble bursts.
Get the feeling this was planned out years ago?
https://www.theguardian.com/business/2026/jun/12/ai-ipos-stock-market
#SpaceXIPO #AIBubble #AIHustle #Economy #EpsteinClass #TechBros #Politics
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