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Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

nytimes.com

11–20 of 90 posts

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#11

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

If you're right, that's great news for you, as you can make tons of money buying Spacex puts

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#12

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

[flagged]

I live in a country (Norway) which has been a early-adopter market for EVs. In 2014 Tesla cars were endemic, you could see them everywhere. I was a big believer in Tesla cars.

But things obviously changed. We're still a lead market as far as Tesla sales go, but right now it is just another car. There's absolutely no rationale to automatically go for Tesla.

Which is why I find it incredibly difficult to see how Tesla is valued. The Tesla market cap is more than all other EV producers combined.

Musk evangelists will now yell "Self-driving cars! AI! Robotaxi!", and rationalize that the value behind Musk is potential. The potential that his products will be some fantastical thing in the future.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#13

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

There is no reason to be surprised investors aren't always that rational, though it is weird how extra giddy they are to simp for Musk in particular.

Company literally does not make money, and his other major company is getting dumpstered in its market too.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#14
post #11

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

If you're right, that's great news for you, as you can make tons of money buying Spacex puts

Not if people continue to have the 100x premium on Musk. Puts only make sense if the market returns to rationality.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#15
post #11

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

If you're right, that's great news for you, as you can make tons of money buying Spacex puts

Markets can remain irrational longer than you can remain solvent.

- John Maynard Keynes

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#16
post #3

I've read somewhere that even some janitors / lunch ladies became millionaires from their shares. Looking then at the great performance of some other stocks, I really wonder where we're headed

I would be surprised if janitors get shares. This is Musk we’re talking about.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#17
post #16
post #3

I've read somewhere that even some janitors / lunch ladies became millionaires from their shares. Looking then at the great performance of some other stocks, I really wonder where we're headed

I would be surprised if janitors get shares. This is Musk we’re talking about.

Spacex gave lots of low level employees stocks. Either on top of, or as a payroll deduction ESPP.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#18

Congratulations to the US. I'm sure it must be nice to have a trillionaire I wish my country had a trillionaire. That would give my day to day life meaning

It's not like his checking account has $1T in it, this is just a technicality that sums up all of the hypothetical value of the shares he owns in companies.

If he actually tried to sell it and turn it into cash it would be less than $1T.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#19

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

[flagged]

5% float and index inclusion. Basically controlling both the supply and demand levers.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#20

The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.

Have you watched a Starship launch? The more I understand the incredible feats of engineering they are performing the more bullish I become.
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