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
🚨 HOLY SMOKES! UFO FILES JUST DROPPED — AND THEY’RE GETTING WEIRDER BY THE DAY 👽🛸
MASSIVE “MOTHER ORB” LAUNCHING SMALLER ORBS… ONE AFTER THE OTHER 🛸
FBI agents reported mysterious lights “DANCING” near a tree line before VANISHING into the night 👽
Steven Spielberg thinks his latest alien film is closer to the truth than either of his other works focused on extraterrestrial life. https://t.co/yRGjXjoh3V
MICHAEL ($331M) officially surpassed OPPENHEIMER ($330M) yesterday.
It’s now the 3rd highest-grossing biopic of all time domestically. How far can it go?
1️⃣The Passion of the Christ (2004) — $370.8M;
2️⃣American Sniper (2014) — $350.2M;
3️⃣Michael (2026) — $331.2M
Undisputed 2 is aiming for some HUGE upgrades.
Creators who recently saw the game first-hand revealed features including:
• Rollback Netcode
• Game being re-built on Unreal Engine 5
• MetaHuman Technology for fighter renders
• More realistic boxing mechanics
• A deeper career mode experience
If all of this makes it into the final game, Undisputed 2 COULD be a massive leap forward from the original!