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by IncreasePosts 236 days ago
I wonder if there is something you can do with $500B but not with the $200B or so he has from SpaceX?
1 comments
reliabilityguy 236 days ago
He does not have $200B in cash. It’s all stock — unrealized gains. I am not even sure you can convert it to cash without reducing the value itself. Also, AFAIK, spacex is not publicly traded, where does the $200B figure come from?

To be honest I don’t understand this argument of “no one can’t spend billions in a lifetime so no one should have billions at all”. Why do we set a limit on billions? Why do we use the idea of “can’t spend in a lifetime”?

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IncreasePosts 236 days ago
SpaceX isn't public, but has raised money at a $400+B valuation and Musk owns 42% of that.

I have no argument about limiting anyone's money. I'm just wondering if there is a (real, useful) feat he can pull off now with $500B, but that he couldn't do with a mere $200B.

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reliabilityguy 236 days ago
> SpaceX isn't public, but has raised money at a $400+B valuation and Musk owns 42% of that.

The company raised money? I could not find any article that states that, only some rumors about the intent to do so.

Regardless, when company raises money its company's money, not Elon's.

I would assume that aggressive scaling of rocket building capabilities would require capital, but I have no idea what is the figure needed for that.

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