Is it too soon to laugh at these pompous finance influencers so CONFIDENTLY proclaiming in their mom’s basement how the SpaceX IPO would be “exit liquidity” to dump on poor unsuspecting retail investors who are *checks notes* up 50% in the first two days???
They would blow the $2800 on a luxury items or a vacation. It wouldn’t improve society in any meaningful way.
We wouldn’t have PayPal, electric cars, satellite internet, civilian space travel, a free speech platform.
Society would be significantly worse off.
the elon musk trillionaire discourse is giving me existential terror like there are actually just hundreds of millions of people in the west who think wealth is this *thing* that’s just *there* which people take from. these people will ruin our lives if we don’t deal with them
Biggest ipo of all time, stocks soaring, fuel dropping, war over, deportation all time highs, legal immigration gutted, foreigners fleeing the country, fights on the whitehouse lawn. Imagine insisting on negativity right now (I can’t) it is quite literally white boy summer.
History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.
Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.
And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.
You cannot legislate a rocket into orbit.
Can we debunk this nonsense?
Elon Musk was awarded (note: not given) cost-per-result contracts to perform a service for the US government. The total of those for SpaceX specifically is ~$22B, which includes repaid loans, state tax incentives, etc.
The deal was simple: put stuff into LEO at or below a set cost. If SpaceX does it below the set cost, SpaceX keeps the difference. If it doesn’t, the company is responsible for the overrun.
End result? SpaceX & Elon lowered the cost of getting 1 kg into LEO by 95-97% vs what NASA was paying previously.
And for the record, every other company around at the time was offered the same opportunity to bid on the contract - Musk/SpaceX just took it.
The handout narrative implies the taxpayer is the patron and SpaceX the dependent. The cost data shows the opposite: before SpaceX, NASA paid Russia’s Soyuz $80-86M per seat; SpaceX delivered at ~$55 million. SpaceX saved the US taxpayer $300M-$465M each year on that alone (the US sends 12-15 astronauts to space each year)
On the lunar lander, NASA estimated SpaceX’s fixed-price bid saved $20B-$30B vs the Boeing-preferred cost-plus approach.
So: SpaceX saved the US taxpayer more than the total value of contracts it earned on a single project, PLUS provided the US government with the requested services (put stuff in LEO) at the best possible price.
.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.
SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.
Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.
SpaceX will materially bring down the cost of compute, advancing AI and humanity.
Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.
The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.
Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.
Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.
Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.
Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.
We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.
And then what?
The country loses decades (at least) of economic growth and technological advancement, hundreds of thousands of jobs, and millions of investment opportunities, all so you could blow a little bit of money one time.
Communism is brain rot.
Elon becoming a trillionaire has exposed the most horrific financial injustice on the planet:
Too many people understand nothing about how things work and to make matters worse can’t even do basic math.
Happy Birthday, Mr. President @POTUS 🇺🇸
Honored to serve under your leadership as we return America to the Moon, build a base on another world, prepare for where we go next, and inspire the next generation to carry the mission forward and do it even better.
Elon Musk becoming a trillionaire makes sense.
He built Tesla, SpaceX, Starlink, xAI, Neuralink, and more. $SPCX
Bernie Sanders owning multiple homes on a government salary?
That’s the part I’d like explained.
“If we liquidated this business that has created thousands of jobs and also promises to propel man to an interplanetary existence, we could give everyone a minimum-wage pay check for one month.”
I’ve yet to see a tweet that better exemplifies leftism than this.
Elon Musk becoming a trillionaire has been a really great IQ test for the general public.
You see people online who think Elon literally has a trillion dollars sitting in a bank somewhere and has chosen to just… keep it there.
These are not serious people and not worth engaging with. It’s like trying to have an intelligent discussion with a monkey.