DEFI IN DAY TO DAY LIFE.
DeFi or Decentralized Finance has been a hot topic in the cryptocurrency world for quite some time now. However, many people believe that DeFi is only for those who are into investing or cryptocurrency.
@SamuelXeus@PrudentSammy @kendrickNoble7 @VanessaD
Russia sold Elon Musk three broken rockets for $8 MILLION and laughed him out of the room. He went home and built SpaceX. It went public today at $1.8 TRILLION and made him the first trillionaire in human history.
– In 2002 Musk flew to Russia to buy an old ICBM missile to send a greenhouse to Mars.
– The Russians thought he was a joke. They quoted him $8 MILLION per rocket and dismissed him entirely.
– On the flight home he opened a spreadsheet and calculated he could build the rocket cheaper himself. He had never built a rocket in his life.
– SpaceX was founded with $100 MILLION of his own money from selling PayPal.
– Most of the aerospace industry gave it two years before it collapsed.
– The first three rockets exploded. By 2008 he was nearly bankrupt. Tesla was also failing at the same time. He had one launch left.
– The fourth rocket worked. NASA noticed. They handed SpaceX a $1.6 billion contract within months.
– Today SpaceX priced its IPO at $135 per share targeting a $1.8 TRILLION valuation.
– The largest IPO in human history. Bigger than Saudi Aramco. Bigger than anything.
– Musk's net worth crossed $1 TRILLION today. The first human being in history to reach that number.
– He controls over 82% of SpaceX's voting power post IPO and cannot sell a single share for one year.
– The same Nasdaq that has listing rules waived them specifically for SpaceX, dropping it immediately into index funds.
– Millions of people's retirement savings now own SpaceX stock whether they chose to or not.
The Russians who laughed him out of that room in 2002 work for an economy worth $2 TRILLION.
The company he built out of embarrassment is now worth $1.8 TRILLION on its own. He did it in 24 years starting with a spreadsheet on a flight home.