alt Hacker NewsBuying Tesla is just buying SpaceX. When they roll up Tesla, it will be in a stock deal not real money. None of this is real money and I would argue that Musk is not the world's first trillionaire because there is no reality in which he could get that money out of SpaceX
I mean, if he wanted to sell tomorrow, who COULD spend $2-3 Trillion to buy it, and who WOULD? Anyone with that kind of money to spend today knows what a scam it is
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llbbdd • today at 7:11 PM
I mean as far as I know no human being is even a billionaire anyway if you only count cash. It's one of the things the "eat the rich" crowd is particularly bad at internalizing, that there's a difference between value and money that can be spent on food or hospitals.
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Sure, it's reasonably likely they merge at some point but the ratio between the prices at that time will be different than the current ratio, so it still matters which share you buy today.
Especially since Musk is heavily incentivised to merge them at a price favourable to spacex since he has a much larger share