Since @elonmusk is the only person outside of China that can still build anything physical why wouldn’t the target for $SPCX be the total mcap of China?
If the world had 500 more trillionaires, the average global standard of living would be twice as high.
Faux-Socialists can’t grasp the difference between capital and wealth. They think money, the thing the government can print at will, is the same as wealth.
Even Marx understood the difference. Wealth can only be created by the workers calloused hands setting the means of production in motion.
It’s the Tesla cars, not the Tesla shares. It’s the SpaceX rockets, not the SpaceX shares. If there were twice as many shares of those companies, no matter how they are divided up, the world has the exact same amount of wealth. If there were twice as many cars or rockets, the world is clearly wealthier.
This is why socialists are unable to convert money into wealth. 15 billion dollars didn’t create a high speed rail in California. It didn’t build an EV charger network, or rural internet connections. Those things are actual wealth.