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[LectureMaster]

Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq

Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.

www.cnbc.com

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• SpaceX opened at $150 per share in its Nasdaq debut.
• Elon Musk's stake in the company is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth from both companies as of Friday is roughly $1.05 trillion.
• Musk's coronation as the first person in history to be worth $1 trillion is likely to add fuel to the debate over wealth inequality and the rise in power of America's richest tech founders.

Elon Musk just became the world's first trillionaire.

With SpaceX opening on the Nasdaq at $150 a share Friday, his stake in the company is worth more than $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk's net worth from both companies as of Friday is roughly $1.05 trillion.

The SpaceX IPO added more than $180 billion to Musk's fortune. He's now worth more than the next five richest billionaires in the world combined. His personal net worth is larger than the national GDPs of Taiwan, Ireland or Sweden.

Musk's coronation as the first person in history to be worth $1 trillion is likely to add fuel to the debate over wealth inequality and the rise in power of America's richest tech founders. Along with creating the world's first trillionaire, the SpaceX IPO also minted thousands of new millionaires and several new billionaires among the employees and executives who own stock.

Shares of SpaceX were trading about 20% higher shortly after their official debut, at around $164 apiece. That values the company at roughly $2 trillion.

Shares of Tesla were down about 1% midday Friday at roughly $395 apiece.

 

[DeepEnigma]

And still not enough to stifle the likes of the Rothschild's etc..

To put things into a grim perspective.

 

[BloodFree]

Imagine how many more people he'll be able to hire now so that they grind and play his games for him and he can brag on twitter about it.

 

[kanjobazooie]

Is that more than a gazillion?

 

[Puscifer]

Out of line response, I'm sorry.

 

[calistan]

Gross.

 

[Forsete]

Not bad for a man born in the slums of South Africa.

 

[reinking]

I don't like Musk but the SpaceX IPO also minted thousands of new millionaires and several new billionaires among the employees and executives who own stock. I am not going to hold it against them.

 

[StueyDuck]

Purple haired people be fuming.

 

[StueyDuck]

I wish he'd hang himself already.

I dare you to justify that statement...

Convince us why Musk should end his life.

 

[IDKFA]

Historical moment, regardless if you think this is good or bad.

I personally don't think any human should be worth that much. I'm not a communist, plus I understand he doesn't have this money sat in a bank account.

It just further highlights the ever growing rich/poor divide. The rich are becoming richer, while everyone else are living month to month.

Also historically, when inequality peaks, societies generally resolve the tension in either violent revolution, total state collapse, peaceful systemic reform, or gradual decay into authoritarianism.

 

[Puscifer]

I dare you to justify that statement...

Convince us why Musk should end his life.

You need to justify your love of a class of people that wouldn't piss on you if you were on fire.

Not to mention the TESCREAL movement where they literally think me and you should be dead to begin with.

Tech Capitalists Don’t Care About Humans. Literally.

It’s not just a figure of speech to say tech titans are indifferent to humanity. From Peter Thiel to Elon Musk, many are adherents of a worldview that envisions humans being replaced by digital post-humans and sees this as progress.

jacobin.com

 

[HeisenbergFX4]

I wish he'd hang himself already.

 

[Trogdor1123]

I'm happy for him. I see zero issue with this.

I would have issue if it was money just sitting in a vault somewhere but he isn't doing that.

Space x is one of the most important ventures in human history imo.

 

[TheAtomicPile]

I hope he sees this bro.

 

[Puscifer]

Any of these silicon valley who are on the TESCREAL Eugenics bandwagon want us dead so the feeling is mutual and I'm NOT sorry.

 

[Trogdor1123]

You need to justify your love of a class of people that wouldn't piss on you if you were on fire.

Not to mention the TESCREAL movement where they literally think me and you should be dead to begin with.

Tech Capitalists Don’t Care About Humans. Literally.

It’s not just a figure of speech to say tech titans are indifferent to humanity. From Peter Thiel to Elon Musk, many are adherents of a worldview that envisions humans being replaced by digital post-humans and sees this as progress.

jacobin.com

 

[StueyDuck]

You need to justify your love of a class of people that wouldn't piss on you if you were on fire.

Not to mention the TESCREAL movement where they literally think me and you should be dead to begin with.

Tech Capitalists Don’t Care About Humans. Literally.

It’s not just a figure of speech to say tech titans are indifferent to humanity. From Peter Thiel to Elon Musk, many are adherents of a worldview that envisions humans being replaced by digital post-humans and sees this as progress.

jacobin.com

Im asking you to justify sentencing someone to death because

Checks notes

He makes lots of money

Your comment was what an irrational emotional child says when their friend gets the new bike and they don't and its an abhorrent statement to make.

But im not shocked considering your remarks on the Alec holowka and Zoe Quinn situation where you also said he deserved to kill himself.

You have an emotional imbalance and its worrisome

 

[DragoonKain]

On the same day Mr Beast reached half a billion subscriber. Big day for the rich becoming richer.

Potential should never be capped.

 

[Puscifer]

Im asking you to justify sentencing someone to death because

Checks notes

He makes lots of money

Your comment was what an irrational emotional child says when their friend gets the new bike and they don't and its an abhorrent statement to make.

But im not shocked considering your remarks on the Alec holowka and Zoe Quinn situation where you also said he deserved to kill himself.

You have an emotional imbalance and its worrisome

Lmao. Good inference from one post dude.

I love they're openly saying this stuff, have it documented for you to read, are enacting it in person, removing entire towns power sources and ruining their water supplies turning it into sludge and suddenly it's a conspiracy. Y'all are wild lmao

 

[StueyDuck]

Lmao




I love they're openly saying this stuff, have it documented for you to read, are enacting it in person, removing entire towns power sources and ruining their water supplies turning it into sludge nd suddenly it's a conspiracy. Y'all are wild lmao

So no response... besides some weird article from some no name website that is all just theoreticals

You sentenced him to death, I thought youd have some substance

Because it just reads as jealousy

 

[HeisenbergFX4]

Any of these silicon valley who are on the TESCREAL Eugenics bandwagon want us dead so the feeling is mutual and I'm NOT sorry.

Guess I am just glad you and I are built differently

 

[mitch1971]

You need to justify your love of a class of people that wouldn't piss on you if you were on fire.

...and you wouldn't on him. So by your standards, you're both cunts. Difference is he's a rich one.

 

[DR3AM]

I just saved a bunch of money on car insurance by switching to Geico

 

[StueyDuck]

...and you wouldn't on him. So by your standards, you're both cunts. Difference is he's a rich one.

See me, id broker a deal... then piss on him, that way im a slightly rich cunt too

 

[German Shocks]

Wow, he must've really Elon-gated his money.

 

[Puscifer]

So no response... besides some weird article from some no name website that is all just theoreticals

You sentenced him to death, I thought youd have some substance

Because it just reads as jealousy

...and you wouldn't on him. So by your standards, you're both cunts. Difference is he's a rich one.

Guess I am just glad you and I are built differently

None of have no idea about my finances. If I make some moves right now I could retire and sit on my ass in a few months but im not exactly there yet, especially with this financial mess the world's in.

My issue is the silicon valley ilk destroying this planet and saying openly weird shit that humans and AI need to merge together. Sam Altman was ousted from OpenAI because he was scaring everyone staff with his ideas.

Elon Musk is a sympathizer with these ideas and I don't want people sympathizing with the ideas like human experimentation and population reduction having the money and power to enact those ideas.

https://www.cbc.ca/radio/ideas/tech-billionaires-ai-utopia-1.7440698

 

[IDKFA]

I don't want Musk dead. That's crazy.

However, I'm not sure Musk - or any one person- having this sort of a wealth is a good thing. Yet people who would never see a fraction of his wealth are aggressively clapping his cheeks and saying how happy they are for him.

 

[The_hunter]

I just saved a bunch of money on car insurance by switching to Geico

I won a dollar at the lottery.

 

[HeisenbergFX4]

None of have no idea about my finances. If I make some moves right now I could retire and sit on my ass in a few months but im not exactly there yet, especially with this financial mess the world's in.

My issue is the silicon valley ilk destroying this planet and saying openly weird shit that humans and AI need to merge together. Sam Altman was ousted from OpenAI because he was scaring everyone staff with his ideas.

Elon Musk is a sympathizer with these ideas and I don't want people sympathizing with the ideas like human experimentation and population reduction having the money and power to enact those ideas.

https://www.cbc.ca/radio/ideas/tech-billionaires-ai-utopia-1.7440698

Didn't say a word about your finances, they may be fine and hope one day you can retire

 

[StueyDuck]

None of have no idea about my finances. If I make some moves right now I could retire and sit on my ass in a few months but im not exactly there yet, especially with this financial mess the world's in.

My issue is the silicon valley ilk destroying this planet and saying openly weird shit that humans and AI need to merge together. Sam Altman was ousted from OpenAI because he was scaring everyone staff with his ideas.

Elon Musk is a sympathizer with these ideas and I don't want people sympathizing with the ideas like human experimentation and population reduction having the money and power to enact those ideas.

https://www.cbc.ca/radio/ideas/tech-billionaires-ai-utopia-1.7440698

Well youve utterly failed to convince the jury of why a man should lose his life.

Case dismissed.

Don be so money jelly... we all want his sort of money, lets calm to a panic.

 

[AJUMP23]

That is a lot of moola.

 

[StueyDuck]

I don't want Musk dead. That's crazy.

However, I'm not sure Musk - or any one person- having this sort of a wealth is a good thing. Yet people who would never see a fraction of his wealth are aggressively clapping his cheeks and saying how happy they are for him.

As you said earlier its not his personal wealth, just his wealth in assets.

While its an insane amount, I do give Musk a pass compared to other billionaires i the sense of he is employing people, funding future tech most importantly interstellar travel which we're gonna need, its inevitable.

Compare that to fuck heads who just have trust funds or like that Rothschild cunt whose entire net worth comes from suing companies, those are the pieces of shit , those who aren't distributing the wealth even a little bit who I hate.

So while Musk definitely has too much net worth, I dont see much to condemn him other than its seems to be an absorbadent amount for one person

 

[Trogdor1123]

None of have no idea about my finances. If I make some moves right now I could retire and sit on my ass in a few months but im not exactly there yet, especially with this financial mess the world's in.

My issue is the silicon valley ilk destroying this planet and saying openly weird shit that humans and AI need to merge together. Sam Altman was ousted from OpenAI because he was scaring everyone staff with his ideas.

Elon Musk is a sympathizer with these ideas and I don't want people sympathizing with the ideas like human experimentation and population reduction having the money and power to enact those ideas.

https://www.cbc.ca/radio/ideas/tech-billionaires-ai-utopia-1.7440698

So the guy who built the company with a goal to bring humans to other planets to protect the species in the long run wants to kill us.

Alright then.

 

[Puscifer]

Well youve utterly failed to convince the jury of why a man should lose his life.

Case dismissed.

Don be so money jelly... we all want his sort of money, lets calm to a panic.

Man if that sort of money made me sympathetic to eugenics you can have it. I get it, Elon was cool at one point and I liked him but then he went mask off and that's not something I can ignore. You do you, but im not going to ever give these people my sympathy anymore.

 

[KimDongHwan]

There is always a misconception on how wealth works, I would suggest this video from the great Milton Friedman

 

[Artoris]

 

[StueyDuck]

Man if that sort of money made me sympathetic to eugenics you can have it. I get it, Elon was cool at one point and I liked him but then he went mask off and that's not something I can ignore. You do you, but im not going to ever give these people my sympathy anymore.

Can you point to a single actual thing Musk has done that is death worthy.

You know who in the 40s killed people because they didnt like their ideologies...

Its just a stupid thing to wish death on someone and your looking rather silly

 

[Trilobit]

Crazy. Think about what you could do with one million dollars. And then think about what you could do with a thousand million. And then think about what you could do with a million million.

And still not enough to stifle the likes of the Rothschild's etc..

To put things into a grim perspective.

There's likely more trillionaires on Earth, but their worth isn't public like Musk's. Also, to them wealth itself isn't probably that interesting considering the ability they have to possibly create it out of nowhere. The means themselves to shape financial markets are where their interests lie. Not to mention people like Putin and Xi who hold power no rich person could ever dream of.

 

[Biff]

And still not enough to stifle the likes of the Rothschild's etc..

To put things into a grim perspective.

I think it does though?

The Rothschilds would be worth around $600B today adjusted for inflation.

The only people who beat Elon's $1T are emperors from 1000+ years ago who were the de facto owners of their empire's entire worth (e.g. Gengis Khan), which isn't really comparable to Elon and for-profit / capitalist societies.

 

[Moondoggy]

Hmm a bit torn here, on the one hand I don't give a shit, on the other hand I'm tempted to say congratulations cause I do so love how just mentioning this dude's name makes certain people sperg out and go on weapon's grade tantrums.

 

[Wildebeest]

Means nothing to me. The bad news about it is now he has got past this sensitive time for bad news he is probably going to turn starlink back on for the russian army.

 

[Zathalus]

I don't think an individual having that amount of money, or the current wealth disparity is good for society.

The amount of influence and power such people can wield is rapidly becoming unchecked.

 

[Trilobit]

I don't think an individual having that amount of money, or the current wealth disparity is good for society.

The amount of influence and power such people can wield is rapidly becoming unchecked.

Normally I would've agreed, but if Elon manages to get us to Mars then it's worth the risks. Unless he becomes an immortal dictator on the planet waging war against the universe.

 

[Mengy]

Man if that sort of money made me sympathetic to eugenics you can have it. I get it, Elon was cool at one point and I liked him but then he went mask off and that's not something I can ignore. You do you, but im not going to ever give these people my sympathy anymore.

But its not money, like 99.9% of Musk's net worth is in stocks of his companies. Stocks which give him controlling shares which he does not want to give up. I think when most people hear the words billionaire they equate it to cash sitting in a bank or such, which is almost never how it works.

And who do you mean by "these people?" Do you understand how bigoted and hateful that sounds?

I'm not a big fan of Musk, I think he says some dumb stuff and acts crazy sometimes, but its hard to argue against all the positive things he's accomplished in his life. His companies have made the world a much better place, and in business wealth results from creating value. That's just how capitalism works. Create value and the wealth follows, its a golden rule in business.

Wishing death on someone simply because you don't like them is truly evil, like that's an actual definition of evil dude. Maybe re-evaluate yourself, calm down a bit, and wonder why you act this way?

 

[Melfice7]

Dayum, 0.000001% of that could change my life

 

[taylor34]

The most ironic part of the whole thing is that the world's richest man has actually never made any money, profits and losses are deep in the red. It's like the world's richest basketball player has actually never made a basket.

 

[Unknown?]

And still not enough to stifle the likes of the Rothschild's etc..

To put things into a grim perspective.

He doesn't have the ability to create new currency from thin air like they do.

 

[Hari Seldon]

My boss used to work at SpaceX and wore one of his tshirts today. I was half teasing him asking why he isn't retired already (dude is like 42) and he said that used Bentleys are surprisingly cheap lmao.

 

[EternalSunshine1976]

It's so far ahead of 2nd place that it is almost unbelievable. Actually it is unbelievable. I don't know if one can even wrap your mind properly around a trillion dollar net worth (even if its all in paper and not realized).