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Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

nytimes.com

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Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#51

Post by fsckboy »

Dig1t wrote: post #28
cosmicgadget wrote: post #21

Earlier quoted context omitted.

Yeah but he can borrow against it and not pay any taxes.

If you borrow against it you still have to pay interest. If he somehow found someone to loan him $1T, which would probably be practically impossible, the interest would make the total amount he got less than $1T.

if you borrow against it and buy shares of stock, the stockmarket generally can be counted on for at least 7% returns, and the borrowing cost would be 5%, so no, chances are the interest would not eat up the borrowing.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#52

Post by sidibe »

tastyface wrote: post #37

Musk has killed hundreds of thousands of people with his reckless dismantling of USAID ( https://www.currentaffairs.org/news/how-elon-musk-killed-hun... ) and actively promotes white supremacy and race riots on Twitter. The Georges Ruggiu of social media. Meanwhile, here in our little tech bubble, we pretend it's not happening -- that he's not spending half the day amplifying some of the literal worst people on Earth…

It'll end in suicide or OD. Every time he pulls off a coup like forcing huge indices to buy and hold massive amounts of $80 billion float he delays the inevitable but in the end his puffery will collapse at some point.

I feel second hand embarrassment for all the bankers and analysts who have felt the need to pump this

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#53

Post by moralestapia »

echoangle wrote: post #15
rendang wrote: post #11

Earlier quoted context omitted.

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

What a great quote man. First time I read something like this. And thanks for crediting the author, now I can go learn more about him.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#54

Post by tastyface »

sidibe wrote: post #52
tastyface wrote: post #37

Musk has killed hundreds of thousands of people with his reckless dismantling of USAID ( https://www.currentaffairs.org/news/how-elon-musk-killed-hun... ) and actively promotes white supremacy and race riots on Twitter. The Georges Ruggiu of social media. Meanwhile, here in our little tech bubble, we pretend it's not happening -- that he's not spending half the day amplifying some of the literal worst people on Earth…

It'll end in suicide or OD. Every time he pulls off a coup like forcing huge indices to buy and hold massive amounts of $80 billion float he delays the inevitable but in the end his puffery will collapse at some point. I feel second hand embarrassment for all the bankers and analysts who have felt the need to pump this

I think he's steadily working towards "too big too fail": make the entire US economy depend on his rat's nest of a megacorp, plus miltech/policetech (SpaceX, Grok).

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#55

Post by echoangle »

eudamoniac wrote: post #31
echoangle wrote: post #15

Earlier quoted context omitted.

Markets can remain irrational longer than you can remain solvent. - John Maynard Keynes

This quote refers to shorting; it's not applicable to every bear position anyone ever attempts to take. You won't go insolvent buying puts.

You won’t go insolvent but you’ll consistently lose money every time the stock doesn’t go down.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#56

Post by e12e »

king_zee wrote: 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

https://www.nytimes.com/2026/06/10/technology/spacex-ipo-emp...

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#57

Post by UncleMeat »

Dig1t wrote: post #18
LarsKrimi wrote: post #8

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.

So? Imagine he sells all his ownership and this tanks the value of his companies by 90%. Oh no. He only has $100,000,000,000 in the bank. Enough to be ludicrously rich a thousand times over.

I have never once understood this "oh it is only paper money" argument.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#58

Post by Dig1t »

UncleMeat wrote: post #57
Dig1t wrote: post #18

Earlier quoted context omitted.

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.

So? Imagine he sells all his ownership and this tanks the value of his companies by 90%. Oh no. He only has $100,000,000,000 in the bank. Enough to be ludicrously rich a thousand times over. I have never once understood this "oh it is only paper money" argument.

I'm just saying that when you say "trillionaire" it evokes the idea that he's hoarding $1T in a bank account. But it's almost entirely just locked up in shares of companies, and if he actually wanted to turn it into cash it wouldn't actually be 1T.

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#59

Post by iancmceachern »

TrackerFF wrote: post #42
Dig1t wrote: post #20

Earlier quoted context omitted.

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

Space X is first and foremost being valued on their AI data centers.

Which make no physics sense

Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading

#60

Post by dismalaf »

cosmicgadget wrote: post #47
lovecg wrote: post #44

Earlier quoted context omitted.

Yeah I’m confused about this part. Is there some loophole where they never have to pay the loan back? Otherwise they’d be taxed at that point.

Taxed on repaying a loan?

No, taxed when you earn the money that repays the loan. Income tax, capital gains taxes, dividend taxes, estate taxes, etc... However the money was acquired to repay the loan, a tax was applied.
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