Earlier quoted context omitted.
Space X is first and foremost being valued on their AI data centers.
Which make no physics sense
Once the rich move up to orbit it will make perfect sense.
Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
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Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#72The 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.
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Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#73The 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.
The more I understand the incredible feats of engineering they are performing the more bullish I become.
You know he's not going to sleep with you, right?
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#74Earlier quoted context omitted.
Yeah but he can borrow against it and not pay any taxes.
Do people do that? Can I e.g. borrow against my assets and not pay any taxes? Curious to learn more.
Can I e.g. borrow against my assets and not pay any taxes?
If you have a 401(k), yes. It's a way to turn a 25% credit card debt into a 5% loan.
The hitch is that while you can pay the credit card company over 30 years, the 401(k) loan is less than a decade, resulting in higher payments short-term, but money saved in the long term.
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#75Earlier quoted context omitted.
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.
Which is pendantically and functionally very different from the implied tax on repayment.
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#76Earlier quoted context omitted.
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.
I don't believe that it does. Billionaires and even millionaires don't typically have that amount in a bank account. People understand this.
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#77Earlier quoted context omitted.
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.
Which is pendantically and functionally very different from the implied tax on repayment.
Maybe you didn't read it properly, I said taxed "on the income" then specified that's the money "used to pay it back".
Income has a specific definition if you want to be pedantic, and types of income are always taxed.
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#78Earlier quoted context omitted.
Space X is first and foremost being valued on their AI data centers.
Which make no physics sense
Scott Manley has a great video breaking down the physics and it absolutely works:
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#79Earlier quoted context omitted.
Which is pendantically and functionally very different from the implied tax on repayment.
Maybe you didn't read it properly, I said taxed "on the income" then specified that's the money "used to pay it back". Income has a specific definition if you want to be pedantic, and types of income are always taxed.
I read it properly but "the implied tax on repayment" was referring to lovecg's comment.
Re: Elon Musk Becomes First Trillionaire as SpaceX Starts Trading
#80Earlier quoted context omitted.
Which make no physics sense
Scott Manley has a great video breaking down the physics and it absolutely works: https://m.youtube.com/watch?v=FlQYU3m1e80
I am a mechanical engineer, I have a multi decade career doing exactly these kinds of thermal analysis.
This video is basically saying that cooking data centers in space is possible. It is.
The question is if it's better, in any way, to putting them on earth. It isn't.
The common misconception I see is that people think that space is cold like Antarctica is cold. It isn't. Antarctica is cold because there is lots of matter, very cold. Space is cold because there is no matter. No matter to put the heat into and take it away.
It's the same reason that a hard boiled egg takes minutes to cook in water, but 30 to cook in the oven. Now put it in a vacuum insulated thermos and see how long it takes to cook.
Radiation is the weakest of the three heat transfer modes. So much so that in engineering school we often cross it off as negligible compared to the other two (convection and conduction).
Do the heat transfer math yourself, let us know what you find.
One of the comments on the YouTube video you linked says it best. " The only reason to do this is if you have a company who's business is to get things into space".