Posted on 06/15/2026 3:56:04 PM PDT by SmokingJoe
Elon Musk is now nearly $1 trillion ahead of the second-richest person in the world.
(Excerpt) Read more at x.com ...
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There was a tight limit of the percentage of the company available for purchase. Something like 4-5%. So the supply is kept small. Also, earlier, private investors are not able to sell right away. There are several events before their holdings are ‘unlocked’. For example, the first event when they can sell is after the 2nd quarter earning report. Then they can sell something like 20% of their holdings. There are other dates when further sales are permitted. 70, 90, 105, 120 and 135 days after the IPO, early investors can sell. By this time SpaceX will be listed on the Nasdaq-100 index which means, any funds tracking the Nasdaq-100 will HAVE to buy it. (this Nasdaq-100 listing is highly unusual for new IPO’s). Fishy? I don’t know, but it certainly has been engineered to prevent massive flipping early on.
i’m so glad i’m paying zero capitol gains tax on my stock investments using my IRA
Envy is a primary foundation to their way of thinking and how they view the world.
African Americans are Black.
Huh?
Child activists at Elon Musk's Los Angeles diner,
What are leftists doing to their children?
The leftard at the dog park was bitching (yes, I know) about how many kids a trillion dollars could feed. I mentioned that Musk had basically created 800,000 jobs and those jobs fed a lot of kids. She just stared at me.
There are black Americans.
Then there are people who emigrated to the US from Africa. They are African Americans.
L
My good old, long lost cousin Elon! Ive finally found you!
Er, um, I am in the will, right cousin Elon?
If I was born in Africa...and both my parents are English, and we come to the United States, I am not African American...I am English.
Not me.
I want him to give me 10% voluntarily.
Musk will be worth $2 trillion before the next trillionaire is minted.
Both of Elon’s parents were born in South Africa so your analogy is flawed.
L
Blacks are black. Being born in Africa then becoming an American makes you an African American. American Blacks identified themselves as African Americans because most of the people born in Africa are black. Elon Musk exposes the flaw in their way of self identifying.
Stock valuations are often absurd.
If the Chinese EVs could be sold in the USA, then Tesla wouldn’t be worth much.
Space X has valuable launch services and communications ability, but there is a modest communications market that can’t be served by either fiber optic cable or cellphone towers.
The Boring Company has nice technology.
I’m not sure how much X is worth, but probably less than $44 billion.
What I think:
Tesla $100 billion
Space X $100 billion
Boring $5 billion
X $10 billion
The building materials for all the houses east of the Mississippi might be about $3 trillion.
“He is NOT an African American.”
Au contraire. Elon was born in South Africa and is a naturalized American citizen.
If I was born in Africa...and both my parents are English, and we come to the United States, I am not African American...I am English.
‘Black’ doesn’t refer to a person’s skin color (many from India are much ‘blacker’ than people descended from Africa) but rather means someone whose ancestors are from sub-Saharan Africa, no matter what their actual skin color might be.
‘African’ apparently doesn’t mean someone from the continent of Africa, but rather someone from sub-Saharan Africa who happens to also be ‘black’. People from Egypt or North Africa who become Americans are not ‘African-Americans’.
Elon Musk was born in Africa. He became an American. Logic would say he must be, in some sense, an African-American. But apparently, that label is reserved for those whose ancestors, or at least one of whose ancestors might have been sub-Saharan African.
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