June 29, 2026

That Trillionaire Elon Musk

Is Elon Musk a trillionaire? No, he isn't. The trillion dollar value people put on him is derived from his stock holdings, multiplied by the current value of those shares. A company may have a large market cap, but not be making a profit. Oh wait, that's SpaceX. 

Elon Musk cannot simply sell his shares and bank a trillion. In theory he can, but in reality if he put his shares on the market, the market as a whole would tank and he'd end up getting cents on the dollar. 

There are different ways of looking at this, I realise that, and there is no doubt Elon Musk deserves to be a billionaire off the back of Starlink alone. But beyond that, Musk's ventures are foolish, mostly flimflam. Look at the list; Tesla is the worst car ever made, SpaceX rockets blow up often, the boring company wasn't any kind of new idea, that hyper loop was stupid. Paypal leaves me wondering why people use that platform, I checked it out once and found that you basically give your money to them and they decide whether you can access it - not like a bank which rarely behaves like that. Twitter has always been a US government operation, governments have backdoors through which they monitor people. 

I look at Elon Musk as performance art. PT Barnum was the greatest and remains so.

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