The world's first ex-trillionaire. Back to tres commas for you.
SaveTheTuaHawk
joined 2 years ago
Pre roasted coffee took off at this time.
Why do these article make it sounds like baseless lawsuits are not trivial to file in the USA?
No, I'm not that stupid yet. Maybe when dementia kicks in Elon will look like genius.
"I sold SPCX because I knew Elon was crazy"
Same is true for TSLA but sunk cost fallacy is very powerful with cult investors.
He's already in massive debt because he is constantly leveraged on stock value to avoid taxation. Sooner or later the scheme will fail, which is bad for him unless he can buy another President to get welfare.
And other countries have reusable rockets, namely China and Japan.
NASA launches are very different, not LEOs.
Revenue is not profit. 13% is likely more than their profit margins.
The whole scheme is a shitshow of one company propping up another with fake revenues and profits.
Or
If people are stupid enough to invest without understanding valuation, then they deserve poverty.
https://www.secform4.com/insider-trading/1181412.htm
https://www.secform4.com/filings/1181412/0001628280-26-044069.htm