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