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They aren't gonna stop are they? (thelemmy.club)
submitted 2 months ago by to c/anarchism@lemmy.dbzer0.com
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[–] 156 points 2 months ago (6 children)

It’s hilarious how Musk is the wealthiest with multiple businesses that are actively failing and cannot make a solid case for their valuation without going into fantasy scenarios.

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  • [–] 55 points 2 months ago (3 children)

    Which also means that his wealth valuation is a house of cards, he cant collect on the fake value without crashing it

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  • [–] 56 points 2 months ago (2 children)

    But he can take out massive loans on that valuation.

    And that money can be used however he wants.

    Also, the recent IPO was him collecting money from a lot of people, and since he got exempted into a few indexes, people's retirement money is now tied to Musky scams.

    This means that if Musky does decide to cash out and crash the economy, he'll have an instant bailout.

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  • [–] 1 point 2 months ago*

    I think he only cares about this half-imaginary number being big as possible. He tried the politics/power thing for a bit but I feel it's clear that wasn't for him. He doesn't want to be on stage and talked about, those are just consequences of his real want. Everyone else that are even remotely close to him in that use way more to bribe, control and change things for their views.

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  • [–] 18 points 2 months ago (1 child)

    Be careful though, suggesting that Starship might never fly, or Full Self Driving might never drive, or that data centers in orbit are unlikely to scale is dangerous on the Internet.

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  • [–] 13 points 2 months ago

    Starship flying means nothing when nobody is using Grok which wastes more money than Starship capsule make.

    Full self driving is only 1 decade late. Tesla is already behind technologically and their quality is still pathetic.

    Data centers in orbit will be orders of magnitude more expensive and complex than data centers on earth. Data centers on earth are having tons of trouble being built because the costs and materials needed are extreme.

    Also, Elon Musk is a Nazi that really wanted to be invited to the Epstein pedophile parties.

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