Showing posts with label SpaceX. Show all posts
Showing posts with label SpaceX. Show all posts

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.

June 13, 2026

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. 


September 08, 2018

Azealia Banks Right - Elon Musk

Maybe all those people who dump on Azealia Banks owe her an apology. A few weeks ago she reported seeing Elon Musk taking drugs. Well, even though this latest episode isn't illegal, here we have Musk smoking marijuana. Now the status of SpaceX in relation to Air Force contracts is under investigation:

https://www.cnbc.com/2018/09/07/air-force-is-looking-into-elon-musks-pot-smoking-source.html