Is this a financial hallucination? @elonmusk was not even in the world’s top ten richest people until 2020. Now he is the world’s first trillionaire.
It is absurd, but not fake.
This was not some slow, stately climb through the billionaire league table. Musk crashed into the top ten during Covid, rode the Tesla mania, fell back when markets turned, then launched into another universe as SpaceX was marked at a much higher valuation.
As others have pointed out to me, this wasn't luck. This was 24 years of SpaceX history being priced in by public markets, helped a bit by the addition of an AI business.
That is the story in this animation. These are shares, private valuations, collateral, market mood and a huge wager on the future, all compressed into one ridiculous number: $1.3 trillion as of today.
Once the financial system agrees to treat paper wealth as real, it becomes real enough. It can be borrowed against. It can be pledged. It can buy control, influence and time. It can decide which companies get funded, which technologies get built and which version of the future attracts capital.
That is the mad part. Musk’s fortune is both real and ridiculous at the same time.
Real, because markets, banks and investors have endorsed it.
Ridiculous, because a large part of it can move violently when sentiment changes, a rocket explodes, Tesla rerates, or investors decide the future is worth a different price.
This feels like a chart about modern wealth becoming stranger, faster and more detached from anything most people would recognise as money.
What do you think?
Music: Mr. C-137 by Basixx, Epidemic Sounds
Elon Musk explains his 5-step algorithm for solving any problem:
"The most common mistake of smart engineers is to optimize a thing that should not exist."
"I have this very basic first principles algorithm that I run as a mantra."
Elon breaks it down:
Step 1: Question the requirements.
"Make the requirements less dumb. The requirements are always dumb to some degree, no matter how smart the person who gave you those requirements. You have to start there, because otherwise you could get the perfect answer to the wrong question."
Step 2: Try to delete it.
"Try to delete the part or the process step entirely. If you're not forced to put back at least 10% of what you delete, you're not deleting enough. Most people feel like they've succeeded if they haven't been forced to put things back in. But actually they haven't, they've been overly conservative and left things in that shouldn't be there."
Step 3: Optimize or simplify.
"The most common mistake of smart engineers is to optimize a thing that should not exist. So you don't optimize until after you've tried to delete."
Step 4: Speed it up.
"Any given thing can be done faster than you think. But you shouldn't speed things up until you've tried to delete it and optimize it otherwise, you're speeding up something that shouldn't exist."
Step 5: Automate.
"And then the fifth thing is to automate it."
Elon explains why the order matters:
"I've gone backwards so many times where I've automated something, sped it up, simplified it, and then deleted it. I got tired of doing that. So that's why I have this mantra."
Zero to onchain on Injective in 7 days.
Injective's Builder page is the way to get started. AI development, the SDK, EVM, node operators, and a 7-day crash course. Committed builders finish in 7 hours.
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AI agents can now pay for what they need the moment they need it. x402 is officially live on Injective, settling autonomous payments in stablecoins onchain in under a second. Regulated access to $INJ keeps widening through M-INJ in Asia, and the latest Community BuyBack just burned over 39,000 $INJ from supply.
Below are some of the top developments that happened on Injective from the past week ⤵️
🟪 x402 is officially live on Injective, letting AI agents pay for services autonomously with stablecoins that settle onchain in under a second, no API keys or accounts required: https://t.co/gbcEtM4SZt
🟪 The USDC migration is officially complete, and every perpetual across Injective dApps now margins in @USDC, the world's largest regulated stablecoin: https://t.co/ua2Vav0ny9
🟪 Traders can long or short the $SPCX 24/7 via perpetual futures across Injective dApps, with every Pre-IPO market coming onchain via $INJ: https://t.co/sjO7mDcJcx
🟪 Steven McClurg of @CanaryFunds is officially joining the Injective Summit, the firm behind the first U.S. staked $INJ ETF now filed with the SEC: https://t.co/GjrV0wgqXU
🟪 Injective Co-Founder @ericinjective was quoted by @CNBC on the SpaceX IPO, calling the double digit pop far from euphoric: https://t.co/JKsAwJcTcK
📊 Key Stats
🟪 Injective permanently removed over 39,000 $INJ from total supply in this month's record Community BuyBack, with rewards now claimable on the Injective Hub: https://t.co/AGaIQLPPo5
🟪 @HelixMarkets crossed $77.5 billion in cumulative trading volume, adding $159 million over the past 7 days: https://t.co/XoENOaFR86
🌐 Ecosystem News
🟪 Every perpetual on @HelixMarkets now margins in USDC, with one collateral asset, unified liquidity, and margin moving in from 30+ chains: https://t.co/oLH2MLHBRO
🟪 Injective and @Microsoft are running the first Nova Program technical workshop, walking builders through AI and GitHub Copilot for crypto development: https://t.co/CWRi1wHRW8
🟪 @moonpay is officially supporting the Injective Summit, bringing regulated on-ramp rails for stablecoin settlement across the @Mastercard network: https://t.co/K6QL38uBb7
Agents are paying onchain now. The chain built for finance just opened for machines.
When my brother [@kimbal] and I were starting our first company, instead of getting an apartment we just rented a small office and slept on the couch.
We showered at the YMCA in New York .
we had just one computer so the website was up during the day and I was coding at night seven days a week, all the time.”
— Elon Musk
How it started How it going
Good Luck with those "BTC to 10M USD" dreams.
@saylor is going to be the great villain in this Crash.
He will be crushed.
People really don't analyze....!
Enjoy the BTC Bounce.
CHINESE GIRL WITH CLAUDE 5.0 JUST DROPPED THE FULL 31-MIN TRADING BOT BUILD GUIDE
(Build Apps & Automations)
bookmark it and watch when you've got 31 quiet minutes, you will forget what losing manual trades are forever.
AI Agent payments are now live on Injective.
Send lightning fast payments with the lowest fees in crypto following injective's Vulcan Mainnet upgrade.
Entirely automated from start to end. Watch the full demo and initiate your own agentic payment today with $INJ
THE BIGGEST $BTC TRADE OF MY LIFE IS LOADING.
I'm planning to make millions.
The window: 2-3 months. Possibly shorter.
Miss this one and you'll watch the next cycle from the sidelines.
Today, my first long limit orders go live inside my community.
Gain access: https://t.co/HA6SUasKC0
You don't want to be the one explaining why you weren't in.
THIS IS KARPATHY'S OBSIDIAN VAULT, THE BRAIN BEHIND A MILLION-DOLLAR COMPANY
This is every idea, every decision, and every connection one person has made over years of work, visualized in real time.
The human brain processes up to 11,000,000 bits of information per second, but consciously uses only 50.
Inside this network:
→ thousands of nodes
→ hundreds of active links between ideas
→ 140+ decision-making processes per hour of work
→ years of compressed thinking living inside a single system
make sure to bookmark it before it gets lost in your feed
below I wrote a guide on how you can build yours for FREE (2 mins setup)
Godfather of AI: "If you sleep well tonight, you may not have understood this lecture."
This 47-minute lecture is the best thing I saw about AI in the last few months.
It will definitely help you understand how it actually works and where it's going.
Geoffrey Hinton built the neural networks behind every AI alive, then quit Google to warn the world about it.
The part nobody wanted to hear:
> AI is already developing abilities its creators didn't intend
> in most cognitive tasks it's already ahead of us
> the question is no longer if it surpasses us but when
> the only decision left is which side of that line you're on
Right now the average person opens Claude, types something, gets an answer, closes the tab.
They think they're using AI. they're using maybe 10% of it.
I went through his entire lecture, then mapped everything he described to what Claude can actually do today.
17 Claude features most people will never find on their own.
Full breakdown in the post below.
This is how I see $BTC over the next months
June -> flat
July -> mini alt rally during bear
August -> dump to $50K
September -> fake bounce
October -> $40K bottom
November -> real bounce
December -> start of bull market
Bookmark this and come back at the end of the year.
S&P NEVER BOUNCES WITHOUT TOUCHING EMA 200!
Each macro drop on SPX ends at the same support
We're sitting way above it right now, just like before every previous correction.
So if pattern repeats, SPX must drop another ~25% to the EMA 200 same as before.
Notifs on, I'll update you on this.
Observing $1.1B dump on $USDT mcap right now, which usually means that BTC will pump a bit before a sharp crush
Think that this time will be the same with dump to ~$60K targets soon