Will Musk be the 1st trillionaire?

[Pablo]

When will Musk and the rest of his tycoon tribesmen disappear to Galt's Gulch?

Idiocrasy Finds John Galt

 

[Leo99]

I'm down to gamble a bit on SPCX.

 

[Escape08]

How lucky are these 4.400 SpaceX employees and "cafeteria employees". Good for them by spreading the wealth on it's workers
https://finance.yahoo.com/markets/s...afeteria-workers-poised-become-195500147.html

 

[JeffKeryk]

Let's say it does. For the most part it is, "paper wealth". Yes, he would actually be worth that much. But there is no way he could liquidate by converting it into cash, real estate, or precious metals without crashing the value of both Tesla and Spacex.

It's much the same deal with Bezos and Amazon, and Gates with Microsoft. (Gates may somewhat of an exception, because today he only owns 1.34% of Microsoft). But even that is a lot... Especially if he wanted to dump it in any kind of timely fashion.

It would take a well engineered selloff of both to try to accomplish. And even then, news of it would leak out, people would immediately start dumping their stock as well, and the result would be the same.... Financial disaster.

In that regard these guys are forced to lay in the financial bed they have created for themselves. No matter if they want to or not...... We all should be lucky enough to feel so, "financially trapped".

A trillion is a million millions. If a person spent $1 million every single day without stopping, it would take them roughly 2,740 years to spend a trillion dollars.

Musk's net worth is greater than the annual GDP of more than 170 countries, meaning he has a higher financial valuation than roughly 90% of the world's nations.

Oh yeah, Elon rolled his PayPal fortune into Tesla. Then he was basically broke in 2018 when the new Model 3 manufacturing lines kept stopping due to automation break downs. Poor guy was sleeping on the floor... What does he do? Puts up two huge tents in the parking lot, where our Model 3 Mid Range was built. Now Tesla's market cap exceeds then the next 20+ car companies combined.

Talk about rolling the dice... Yup.

 

[gman2304]

I’m quite amazed with my quarterly statements especially over the last 18 months! I almost never look at them online because I know there’s a downturn just around the corner. I am FAR from rich but I meet with ‘ my guy ‘ semi annually and I don’t obsess either way over my investments. I remember an interview with Sam Walton several decades ago during a downturn saying….‘it’s only paper’. I’m blessed and thankful to no end but if 1929 were to roll around again, I’m confident that my wife and I would be OK. Musk, Bezos, Gates maybe not so much.

 

[JeffKeryk]

You seem to have an unhealthy fascination with this guy. If he has $10 or a trillion it makes no difference to my life or yours.

I studied Finance at San Jose State, and worked in Silicon Valley. I was broke and homeless, but California's promise of top notch, low cost education and the Valley's unbridled opportunity changed my life.

So yes, I am fascinated by people like Musk who change the world. And provide opportunity to people like me and others. I have posted many times how Tesla took the failed GM/NUMMI plant and made it into the #1 by production volume car factory in America. Something like 25,000 people are gainfully employed there. At its peak, NUMMI employed maybe 6,000.

Full disclosure, there are things I admire about him and things I abhor about him.

 

[JeffKeryk]

Seriously thinking about jumping in, against all intuition. Got money sitting on the side burning a hole in my pocket.
na ... or ...

Good luck AG.

 

[4wd]

A trillion is a million millions. If a person spent $1 million every single day without stopping, it would take them roughly 2,740 years to spend a trillion dollars.

Musk's net worth is greater than the annual GDP of more than 170 countries, meaning he has a higher financial valuation than roughly 90% of the world's nations.

Oh yeah, Elon rolled his PayPal fortune into Tesla. Then he was basically broke in 2018 when the new Model 3 manufacturing lines kept stopping due to automation break downs. Poor guy was sleeping on the floor... What does he do? Puts up to huge tents in the parking lot, where our Model 3 Mid Range was built. Now Tesla's market cap exceeds then the next 20+ car companies combined.

Talk about rolling the dice... Yup.

Yep, but we have a city that spends at the speed of his rockets

 

[4wd]

Some are saying so already …

https://www.cbsnews.com/news/elon-musk-spacex-ipo-trillionaire-wealth/

 

[4wd]

How lucky are these 4.400 SpaceX employees and "cafeteria employees". Good for them by spreading the wealth on it's workers
https://finance.yahoo.com/markets/s...afeteria-workers-poised-become-195500147.html

Gonna be Uber Eats for a while until they find new help

 

[GON]

I’m blessed and thankful to no end but if 1929 were to roll around again, I’m confident that my wife and I would be OK. Musk, Bezos, Gates maybe not so much.

Musk would be just fine, he likely doesn't need to spend to be productive, fruitful, or content. I suspect money to him is just a scorecard/ method to measure. Gates owns a ton of income producing farmland free and clear, Gates will be just fine. Bezos seems most at risk. Plastic surgery wife may dump him, he pays out a mint every single day to maintain his yachts, estates, etc.

A market collapse may find Bezos in the fetal position crying, Musk will just keep solving problems at the strategic level, and Gates will continue to be in a solid position as Gates went conservative buying many thousands of acres of income producing farmland (owned free and clear), over sexy woman and sexy investments.

 

[4wd]

Musk would be just fine, he likely doesn't need to spend to be productive, fruitful, or content. I suspect money to him is just a scorecard/ method to measure. Gates owns a ton of income producing farmland free and clear, Gates will be just fine. Bezos seems most at risk. Plastic surgery wife may dump him, he pays out a mint every single day to maintain his yachts, estates, etc.

A market collapse may find Bezos in the fetal position crying, Musk will just keep solving problems at the strategic level, and Gates will continue to be in a solid position as Gates went conservative buying many thousands of acres of income producing farmland (owned free and clear), over sexy woman and sexy investments.

Bezos should have rented …

 

[JeffKeryk]

Dude hasn't changed the world, more like he hires people far more capable than he is to get things done.

You understand that is the key to effective management, right? Surround yourself with the best!

 

[Kryptic Mentality]

You understand that is the key to effective management, right? Surround yourself with the best!

Well don't give a person credit for getting things done when they can't do much themselves.

 

[JeffKeryk]

I’m quite amazed with my quarterly statements especially over the last 18 months! I almost never look at them online because I know there’s a downturn just around the corner. I am FAR from rich but I meet with ‘ my guy ‘ semi annually and I don’t obsess either way over my investments. I remember an interview with Sam Walton several decades ago during a downturn saying….‘it’s only paper’. I’m blessed and thankful to no end but if 1929 were to roll around again, I’m confident that my wife and I would be OK. Musk, Bezos, Gates maybe not so much.

If 1929 rolled around again, we would all be in deep yogurt. We do not live in a vacuum.

 

[JeffKeryk]

Well don't give a person credit for getting things done when they can't do much themselves.

Respectfully, that is perhaps the most un-business management statement I have ever heard.

 

[4wd]

Maybe others have gone too far with famous quotes as well.
Never did believe this one:

 

[Pew]

Wouldn't happen to have anything to do with him spending $250,000,000 to influence an election or doing a certain salute on stage ....

Lots of people here hated him early on, saying he's a hoax who uses gov charity to fund his projects to pander to climate change activists.

Flip to today, people who liked him before hates him and vice versa.

Funny how times changed.

 

[CleanSump]

Well don't give a person credit for getting things done when they can't do much themselves.

Kind of like Thomas Edison, right? Hired people to make stuff work because he couldn't. But he took the credit and the $$$
Kind of like Steve Jobs, right? Hired people to make stuff work because he couldn't. But he took the credit and the $$$
Kind of like Bill Gates, right? Hired people to make stuff work because he couldn't. But he took the credit and the $$$

 

[4wd]

You understand that is the key to effective management, right? Surround yourself with the best!

Know a guy who worked summers for a man who’s fleet of helicopters was second only to the US military.
One day he decided to ask the big guy how to be like him one day - he said:
+Only hire people smarter than you
+Use other people’s money
+Don’t be afraid of numbers with lots of zeros behind them