According to the news Elon Musk will shortly become the world’s first trillionaire ie worth a million million dollars, impossible to spend. Incredible, incomprehensible numbers
A million seconds is 11 days
A billion seconds is 31 years
A trillion seconds is 32 thousand years
If he spent about US$90,000 every single day that is how long it would take to spend it. AUS$90,000 is approximately the average annual salary in Australia = US$65000
There are already trillionaires they’re just more quiet about it (they learnt that lesson from the French Revolution!) they’re all a scourge on people and the planet - sooner humanity is rid of them (and billionaires and multi millionaires) the better.
The sooner were “Cashless” the better!
Apparently he needs this trillion dollars to get himself to Mars. Which, for me, would be money well spent. I mean, he could have used it to end world hunger, to provide clean water and shelter for any who lacked it and probably halted all treatable diseases - and still had enough left over to live on very comfortably. But compared to that, removing Musk from this planet is still a better outcome.
When you put it like that Mars sounds the best place for him.
And just think of the multitudes that would attend his “send off” party!!
There are currently zero individual trillionaires in the world.
The director of the UN World Food Programme (WFP) stated that 2% of Musk’s wealth ($6.6 billion) could solve world hunger. Musk replied on X (formerly Twitter) that if the WFP published a detailed, transparent plan explaining exactly how the money would be spent, he would sell Tesla stock immediately and donate the proceeds.
Elon has done more than most countries.
$7.1 million to Baylor Scott & White Healthcare, $5.4 million to the X Prize Foundation, and $5 million each to the Windward School, Austin Habitat for Humanity, and The Seton Fund…
$50 million to St. Jude Children’s Research Hospital and $1 million to the Arbor Day Foundation
Gosh wow, a whole $63 million. So generous.
Wait. 63 million out of 823 billion. What is that … 0.00765%.
When I was working, and got to a decent salary, I decided to donate 1% of my net earnings to charity. That is 130 times (or 13000%) more generous than Musk.
Wait, I did this every year for 20 years. So I’m officially 2600 times more generous than Musk. And Musk is officially a selfish toad.
Any other unwarranted praise you feel the need to bestow on the selfish toad Musk?
He has donated more than you could ever dream or capable of. It’s a whole lot of little bit.
Google, in Ai mode:
does musk donate to himself
You really do struggle with scale, don’t you?
63 million is 63 million people will never earn in their life time.
Or we can use that funny math that doesn’t have the same actual effect.
Musk has donated billions of dollars in shares to charities, according to US regulatory documents, and has pledged many millions to various causes. But his philanthropy has been criticised.
The New York Times, external last year called it “haphazard and largely self-serving - making him eligible for enormous tax breaks and helping his businesses”.
This IPO of SpaceX seems strange. They only released 4% of the shares. The initial offering share price was set some time ago - normally the appetite & valuations from commercial investors set the price just before the offering happens. This share price values SpaceX at $1.77 trillion … which is crazy considering SpaceX revenues are $17 billion and it made a loss of $4.2 billion on that revenue. So no-one has been buying shares based on calculating likely profits. SpaceX is not only a rocket maker - it also has Starlink (internet provider) and xAI (artificial intelligence developer). So what do people think they are buying and which of the three divisions is going to be the driver of future profits?
Currently Starlink drives 60% of the revenues and at decent operating profits. And it has been growing rapidly - although that growth might start flattening out. Plus, revenue per customer has dropped by a third over the last couple of years.
More concerning is that SpaceX rocket division is mainly launching Starlink satellites - more than half the 165 launches last year were to put Starlink satellites into orbit. So the loss making rocket division is effectively subsidising the internet division by putting their satellites into space at a loss each time.
At the moment, the xAI division is all about eye-watering levels of investment. $12.7 billion last year - spent on new data centres. Therefore it looks a lot like the IPO was done to pay back the massive $29 billion in debt and the mad costs of ramping up the AI capability. And a little bit to develop the new rocket which aims to reduce costs of putting satellites into space.
So, yes, this IPO has made Musk a paper trillionaire. But there must be doubts about the true viability and value of this three division company.
That was informative … ta for posting that Lincs.
SpaceX seems somewhat overvalued.
You really do struggle with anybody who has an opposing view to yours, don’t you? 
Strange that you should post that straight after posting the Jonathan Pie video … which pretty much reflects stuff I’ve posted in this thread. So assuming you posted the video because you liked it then it seems you and I agree on stuff. Which is nice.
