Elon Musk First Trillionaire?

I just don't accept that Elon Musk is a trillionaire ($1,000 billion). I figure that's because most of his wealth is derived from the US taxpayer, he's better described as the world's biggest welfare recipient.

Studying Musk, he's only associated with one venture that amounts to anything - Starlink. Starlink has been a game changer for people in remote locations and at sea. But, everything else of his simply doesn't add up.

Take his Tesla cars, they're rubbish and his truck is the worst vehicle ever produced. SpaceX always blows up, his rockets are no good. The Russians are still the only people manufacturing a reliable space vehicle carrying people to the space station. 

Comparing Musk to the likes of Jeff Bezos; the latter actually provides value, a real business. Musk, I predict, will go down in history as the biggest bullshit artist of all time. 

Sonic Boom Over South Carolina

I wonder what this was? A sonic boom was heard over the South-east United States, about four hours before the Blue Origin rocket blew up in Florida. The most likely explanation is that it was a meteor, but it's still fascinating.

Jeff Bezos Wealth

The world's richest man is reported to be worth, right now $191 billion. The question is then, is this too much wealth concentrated in the hands of one man? I think not and for one reason alone, his wealth is mostly represented by his share of one company, Amazon. If Amazon goes down, so does Mr Bezos.

That said, $191 billion is a lot of money. I put it like this; if he sold up and realised that amount in cash, he could at current share prices buy 100% of Caterpillar, Oshkosh and Emerson and still have $40 billion left over as pocket change. Just pause and think about that. That's three very good companies and he could own all of them outright.

But I don't resent Bezos at all as Amazon actually does something. Elon Musk on the other hand is approaching Bezos but most of what he does is make silly, very poorly made electric vehicles. They're completely overrated and being bought by complete fools.

We'll see what happens in 2021 and whether wealth takes a slide. We're in for an interesting coming 12 months.