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Vampire [any]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 7 days ago

Elon Musk becomes world’s first trillionaire as SpaceX valuation passes $2tn in first stock market trading. The world's richest person now is 100× richer than the richest person in 2016

www.theguardian.com

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Elon Musk becomes world’s first trillionaire as SpaceX valuation passes $2tn in first stock market trading. The world's richest person now is 100× richer than the richest person in 2016

www.theguardian.com

Vampire [any]@hexbear.net to Chapotraphouse@hexbear.netEnglish · 7 days ago
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Elon Musk becomes world’s first trillionaire as SpaceX ends trading day with valuation of $2.1tn – as it happened
www.theguardian.com
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One economist says Musk’s world-first level of extreme wealth highlights massive economic disparities and could have profound effects on society
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  • fox [comrade/them]@hexbear.net
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    7 days ago

    Inshallah he will face justice one day. Of course the world’s first trillionaire was always going to be the mutant sex pest blood diamond dip shit fucking smoothbrained megadivorced poser. A trillion fucking dollars and he can’t buy one person that actually likes him and isn’t trying to get that bag. Disgusting maggot, child killer. fedposting he gets what he deserves

    • Le_Wokisme [they/them, undecided]@hexbear.net
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      7 days ago

      i thought it was an emerald mine?

  • AstroStelar [he/him]@hexbear.net
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    7 days ago

    What does it mean exactly for SpaceX to be valued at over 2 trillion dollars, where does that money come from?

    • techpeakedin1991@lemmy.ml
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      See, your problem is you’re trying to use critical thinking, but the stock market is the dumbest thing in existence. The money doesn’t actually exist, that’s just what they could hypothetically get if he sold all those stocks (and actually found people who are willing to but them at that price (and the price would go down if so many stocks were sold at the same time (which would probably cause a crash of the stocks valuation because it’s valuation is only based on vibes that it’s gonna keep going up and eventually make money somehow (and also a retirement fund scam now I guess))))

      • ziggurter [he/him, comrade/them]@hexbear.net
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        6 days ago

        Don’t worry: if he wants the money, he’ll just use the stock as collateral to “borrow” it, rather than “selling”.

        Capitalists figured out the market devaluation thing a while ago.

  • Flyberius [comrade/them]@hexbear.net
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    7 days ago

    At what point will the US stock market being literal meme stock all the way down actually start having a material effect?

    • Le_Wokisme [they/them, undecided]@hexbear.net
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      7 days ago

      i look forward to finding out how many Luigis it can tolerate

    • nasezero [comrade/them]@hexbear.net
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      7 days ago

      It does feel like financial capitalism will keep trucking along up and until the bottom (material reality) falls out, and if that doesn’t start to happen with the oil supply simply becoming too low to sustain basic functioning society (and prevent food riots) then idk shrug-outta-hecks

      I’m starting to think that we’ll never see a traditional crash, now that financial capitalism has approached its logical end goal of not actually producing anything there is now nowhere else for capitalists to park their vast hoards of blood money except to invest in stocks.

      • quarrk [he/him]@hexbear.net
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        6 days ago

        deleted by creator

  • Dort_Owl [they/them, any]@hexbear.net
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    7 days ago

    Healthcare please

    • Sanctus@anarchist.nexus
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      7 days ago

      Beat Elon like a piñata to get it

  • ElChapoDeChapo [he/him, comrade/them]@hexbear.net
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    Well the world is anout 100x worse than it was in 2016 so at least the math checks out

  • red_giant [comrade/them, he/him]@hexbear.net
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    7 days ago

    It’s because Tesla and SpaceX made the world 100x better. If not more.

    Can you even remember life before the Cyber Truck? Has humanity ever got a banana almost into orbit? How could your yacht or combat drone connect to the internet before Starlink?

    Capitalism rewards creativity, innovation. The system works.

    • Hexamerous [none/use name]@hexbear.net
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      6 days ago

      We got a few fell-for-it-again on hexbear as well going “He sucks but at least he did [insert something he didn’t do but just said he did]”.

    • miz [any, any]@hexbear.net
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      7 days ago

      🤮🤮🤮

  • FlakesBongler [they/them]@hexbear.net
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    7 days ago

    Someone post that deep-fried image of someone pointing a gun at him please

    • corgiwithalaptop [any, love/loves]@hexbear.netM
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      7 days ago

      • FlakesBongler [they/them]@hexbear.net
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        7 days ago

        Thank you, I love you

        • corgiwithalaptop [any, love/loves]@hexbear.netM
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          7 days ago

          Care-Comrade

          • FlakesBongler [they/them]@hexbear.net
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            7 days ago

            penguin-love

          • Maeve@kbin.earth
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            7 days ago

            ❤️

      • principalkohoutek [none/use name]@hexbear.net
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        7 days ago

        Can’t believe he’s about to take a bullet for epstein

        • ClassIsOver [none/use name, any]@hexbear.net
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          7 days ago

          Anything to get an invitation to one of the parties

    • CascadeOfLight [he/him]@hexbear.net
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      7 days ago

      I think about that image daily

      • corgiwithalaptop [any, love/loves]@hexbear.netM
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        7 days ago

      • FlakesBongler [they/them]@hexbear.net
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        7 days ago

        I don’t put much stock in manifesting, but I would love to be proved wrong

        • Le_Wokisme [they/them, undecided]@hexbear.net
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          7 days ago

          need those charlie kirk etsy witches, not just any old ones

        • Robert_Kennedy_Jr [xe/xem, xey/xem]@hexbear.net
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          7 days ago

          I started paying a subscription to Etsy witches

          • FlakesBongler [they/them]@hexbear.net
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            7 days ago

            I just entered into a relationship with a woman who worships Hekate, god of witchcraft

            • corgiwithalaptop [any, love/loves]@hexbear.netM
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              7 days ago

              Brb throwing plants into the cauldron before I start my next run

    • EmmaGoldman [she/her, comrade/them]@hexbear.net
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      7 days ago

      In case you’d like it un-fried, here’s the original

      • tactical_trans_karen [she/her, comrade/them]@hexbear.net
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        7 days ago

        That’s a Ruger GP100, 357 magnum, solid choice.

      • KuroXppi [they/them]@hexbear.net
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        7 days ago

        Just noticed that it looks like the woman with white hair on the right is his mum

  • corgiwithalaptop [any, love/loves]@hexbear.netM
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    Greatest country in the world btw amerikkka-clap

    • TheWolfOfSouthEnd [he/him, comrade/them]@hexbear.net
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      The free-est.

  • SorosFootSoldier [he/him, they/them]@hexbear.net
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    7 days ago

    All that wealth is going to trickle down on me and the world will be right and my cheating no good ex-wife will call me.

    • oliveoil [none/use name]@hexbear.net
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      7 days ago

  • Hohsia [any]@hexbear.net
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    7 days ago

    Consent manufacturing is absolutely off the charts right now. Just another day in hell I guess

  • lurkerlady [she/her]@hexbear.net
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    7 days ago

    if mario jumped on his head a lot of coins would fall out

  • Vostok_ [none/use name]@hexbear.net
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    7 days ago

    LET’S GOOOOOOOOOO time to look forward to who will be the world’s first quadrillionaire! to-the-moon

    I bet it will be an Israeli whose companies produce literally nothing physical but is the proud owner of the world’s first private nuclear weapons.

    • The_hypnic_jerk [he/him]@hexbear.net
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      7 days ago

      Really good idea

      • ClathrateG [none/use name]@hexbear.net
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        7 days ago

        just like SodaStream smuglord

    • button_masher@lemmy.ml
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      7 days ago

      Successful Bond villain

  • Hohsia [any]@hexbear.net
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    7 days ago

    Makes me fucking sick for a laundry list of reasons

  • daniyeg [he/him]@hexbear.net
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    7 days ago

    i think the funniest consequence of SpaceX IPO is that there are now so many new millionaires minted that the housing market in silicon valley and texas is going to explode.

    • peeonyou [he/him]@hexbear.net
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      this is just one of three massive IPOs minting thousands of new millionaires in the Bay Area. Anthropic and OpenAI are coming too.

      My partner and I were trying to find a 3 bedroom 2 bathroom house around there, not that we can afford one, and it can’t be done for less than $1.4 million and those houses are pretty crap. Like one was 900 sqft and cost $1.9 million.

      • infuziSporg [e/em/eir]@hexbear.net
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        5 days ago

        In the heartland, you can get that same house for 1/15 of that sticker price.

        There’s a baseline, and then there’s the waves of markup that the upper tier of the economy is coasting on.

        • peeonyou [he/him]@hexbear.net
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          Don’t I know it. I keep telling my partner that but she’s too afraid to leave because layoffs are the norm now and the next job almost assuredly won’t be a remote job.

  • TheWolfOfSouthEnd [he/him, comrade/them]@hexbear.net
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    All the good that that money could go towards achieving, rather than sitting in some dick heads bank account.

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