Elon Musk Becomes First Trillionaire as SpaceX Starts Trading(www.nytimes.com)
16 pointsby droidjj2 hours ago3 comments
  • TrackerFF2 hours ago
    The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.
    • newaccountman224 minutes ago
      There is no reason to be surprised investors aren't always that rational, though it is weird how extra giddy they are to simp for Musk in particular.

      Company literally does not make money, and his other major company is getting dumpstered in its market too.

    • __patchbit__an hour ago
      SpaceX will cocoon the planet with next level new accelerated technology the way baseload grid electricity supply took 300 years to achieve.
      • tennfownan hour ago
        Did they teach you to write words so vacuous in your marketing undergrad?
      • AnimalMuppetan hour ago
        In a word, baloney.

        What, exactly, is the "next level new accelerated technology"? That's a lot of hype-y buzzwords, but what does it mean? What's the actual technology?

        Starlink? I mean, we already have internet. Is Starlink that much better, to deserve this glowing description?

        Or is it some other tech? If so, what is it?

        If you can write that glowingly, can you put some substance behind it? Or is it just hype?

    • small_model41 minutes ago
      Either the stock market is reflecting reality (millions of traders with information) or you are right and it's wrong. I would bet a Trillion dollars it's because you hate Elon/anyone who does agree with your woke agenda.
      • TrackerFF24 minutes ago
        I live in a country (Norway) which has been a early-adopter market for EVs. In 2014 Tesla cars were endemic, you could see them everywhere. I was a big believer in Tesla cars.

        But things obviously changed. We're still a lead market as far as Tesla sales go, but right now it is just another car. There's absolutely no rationale to automatically go for Tesla.

        Which is why I find it incredibly difficult to see how Tesla is valued. The Tesla market cap is more than all other EV producers combined.

        Musk evangelists will now yell "Self-driving cars! AI! Robotaxi!", and rationalize that the value behind Musk is potential. The potential that his products will be some fantastical thing in the future.

    • elpockoan hour ago
      [flagged]
      • hdhdhsjsbdhan hour ago
        You seem to live in the real reality, and presumably people care about what you think there because it’s actually real. So why not enlighten us, help explain it to us deluded people? Or you can just be rude and vague.
    • rendang34 minutes ago
      If you're right, that's great news for you, as you can make tons of money buying Spacex puts
      • echoangle17 minutes ago
        Markets can remain irrational longer than you can remain solvent.

        - John Maynard Keynes

      • UncleMeat21 minutes ago
        Not if people continue to have the 100x premium on Musk. Puts only make sense if the market returns to rationality.
  • LarsKrimian hour ago
    Congratulations to the US. I'm sure it must be nice to have a trillionaire

    I wish my country had a trillionaire. That would give my day to day life meaning

  • king_zeean hour ago
    I've read somewhere that even some janitors / lunch ladies became millionaires from their shares. Looking then at the great performance of some other stocks, I really wonder where we're headed
    • elAhmo6 minutes ago
      I would be surprised if janitors get shares. This is Musk we’re talking about.