this post was submitted on 06 Aug 2024
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That's what happens when you have so much money that you can just do crazy things knowing that statistically something will make money.
I don't think musk does have that much money though. He's leveraged to the eyeballs & his businesses (Tesla & Space X) are not profitable without govt subsidies while starlink had repeatedly failed to meet targets & has competitors about to cut into it's market.
He might not be now, but like a year ago he was the richest human ever. I don't think he's fallen from the top 20. And that is just the official numbers. Imagine what might be hidden.
And don't come to me with the "but shares are not money". Shares are basically money, and you can even use them to convince banks to give you more.
WTF are you on about? Where did I even alude to even suggesting that? Sounds like you're really desperate to simp for him.
His companies are notoriously overvalued (so his shares in a practical sense are worth shit) and he is massively over leveraged so those who devise those wealth chart tables are chatting shit.
The real wealthy are incredibly private about their worth whereas boastful egotists like musk are all show no substance
Oh I am very sorry, I think I did not express myself properly. I wasn't particularly referring to you, but rather the typical user who will answer to the "Musk is one of the richest" with the "company value" thing.
I do think tho that whatever your opinion on Musk's companies is, the market clearly thinks otherwise, which banks are part of it.
Also, I strongly dislike Musk. But it's very clear to me that he has enough power to do whatever he wants like wasting lots of money trying new things until something sticks.