Sports Models had the spurs as a 92.3% favorite Game 1 when they were up 13.
83.6% favorite Game 2 when they were up 12.
Over a 99% favorite in Game 4 when they were up 20.
Over a 97% favorite in game 5 when they were up 14.
They didnt win a single one of these games
Sports Models had the spurs as a 92.3% favorite Game 1 when they were up 13.
83.6% favorite Game 2 when they were up 12.
Over a 99% favorite in Game 4 when they were up 20.
Over a 97% favorite in game 5 when they were up 14.
They didnt win a single one of these games
No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
BREAKING: The proposed US-Iran peace deal includes a $300 billion reconstruction fund for Iran, per NYT.
The program is being called an international "investment fund," which the US would facilitate in the final deal.
This comes as Iran demands "reparations" to end the war.