Submitted 2 days ago by remington@beehaw.org to technology@beehaw.org
https://www.theguardian.com/technology/2026/apr/01/spacex-public-offering-stock-market
One of the things that Musk has to do to get his trillion dollar pay package fully paid out from Tesla as CEO is to crank up Tesla’s market capitalization. I’ve wondered if this is a gyration to advance that?
Elon Musk Threatened To Quit Tesla Before $1 Trillion Compensation Deal
forbes.com/…/tesla-proposes-compensation-plan-for…
Elon Musk’s xAI and SpaceX merged in February, valuing the company at over $1.25 trillion. SpaceX is now preparing for an initial public offering (IPO).
The only way he’s raising the market cap is by selling the company. Their market share is decreasing rapidly due to him.
It’s truly amazing how a guy almost universally beloved a decade ago has become his own biggest problem. Tesla would be humming along just fine with refreshing models on a cadence, some QA and without Musk.
So, I’d agree that he’s probably not doing a fantastic job of running Tesla as an auto company these days. However, if you consider Tesla to just be an auto company, its valuation is way too high. I think I heard someone put it along these lines a while back, that “Tesla is a solid auto company, but one valued at ten times what it’s worth.” The only way its present-day valuation can really be justified by an investor is if they think that the bulk of the company’s value is going to come from new things that it is doing and that those things will all be wildly successful, like robotaxi service and humanoid robots and all that.
Powderhorn@beehaw.org 2 days ago
I have no specific issue with millionaires. You work for 40 years and save up a next egg so you can survive retirement. A million or two is totally reasonable for the golden years.
Billionaires, on the other hand? They don’t need all that money, but they always want more.
And the fact that we could see Musk become a trillionaire? Well, spellcheck says that isn’t a valid word, which is usually indicative of something so far from normal that even a computer can’t comprehend the scale.
He could literally send the full trillion dollars to the U.S. Treasury to cover the tax breaks for the ultrawealthy passed past year and end up a pauper billionaire.
Soulphite@reddthat.com 2 days ago
I agree… what the fuck is the difference of 10 billion and 110 billion?
If you had 110 billion you could spend 5 million per day for 60 years… why the FUCK does a single person need that amount of money??
Powderhorn@beehaw.org 1 day ago
Yachts. Lots and lots of yachts. As though you can ride on more than one at a time.
mrnobody@reddthat.com 2 days ago
I don’t know the limit to how many FDIC accounts one is allowed to have open simultaneously, but I know the insured amount of $250k USD per account. I feel like the interest alone in a few accounts would be reasonable enough for the average American to live off of.
RamenJunkie@midwest.social 1 day ago
100% tax on any wealth over 10 million.
real_squids@sopuli.xyz 1 day ago
When it’s just a number on a screen it’s easy to treat it like a high score in a game. I think they’d still be that way if it was all physical though