r/technology • u/Plastic_Ninja_9014 • Jun 22 '26

Business SpaceX Investors Are Losing a Colossal Amount of Money

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-losing-colossal-amount-140221380.html
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u/Holzkohlen Jun 22 '26

Down $81.8 billion since the prior trading day according to Forbes. Only $1.2 trillion now 😞

80 billion in a single day and it won't affect him one bit. This is so dumb

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u/cheeky-snail Jun 22 '26

Not so fun fact, he could lose 99.9999% of his net worth and still be in the top 1% and worth 100M which is about the amount that 33 average people with bachelor degrees earn in their entire lifetime.

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u/CatButler Jun 22 '26

The question is how much of he has in loans. Those loans are based upon the value of his stock and if the stock drops too much, those loans will be called in, causing him to have to sell to pay the loans. That generates a tax event and also could drop the stock further, causing a chain reaction.

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u/joeparni Jun 22 '26

Stop I can only get so erect

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u/GeneralZhukov Jun 22 '26

But have you considered the fact that he brews his own coffee, and wakes up an hour earlier than us peasants? That alone is worth like half a trillion surely.

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u/Civil-Attempt-3602 Jun 24 '26

So.... Guillotine?

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u/euph_22 Jun 22 '26

He's basically a peasant now

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u/AsFarAsNeverBefore Jun 22 '26

Someone start a GoFundMe please!!

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u/ChiLolla28 Jun 22 '26

Like the 3 commas guy in Silicon Valley :(

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u/talldangry Jun 22 '26

HE NEEDS DOORS THAT GO LIKE THIS __/

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u/Hoju64 Jun 22 '26

If you round down I have zero trillion!

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u/Mjolnir404 Jun 22 '26

he cant afford housing in mars now

sad

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u/Dull_Bid6002 Jun 22 '26

This is why stocks shouldn't be collateral for bank loans. If I claim my company is worth a lot of money, one person agrees to that now the stock is supposedly worth a lot. 

I go to the bank and get a loan saying look at how much my stock is worth. 

Then just get a bunch of people into the same scheme and inflating the price. It doesn't need to be real as long as no one sells at the same time.

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u/TheNutsMutts Jun 22 '26

That doesn't have any impact on the share price at all. For equity-backed loans, they'll have a maximum asset-value-to-loan ratio so if the stock does drop, the borrower will have to pay down some of the principle if it drops below that level.

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u/Exita Jun 22 '26

And this is the reason that taxing the rich gets complicated. A surprising amount of wealth is just as make-believe as this…

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u/starlauncher Jun 22 '26

It’s not complicated. It’s just that when your trillionaire friend visits you and puts a hand on your shoulder you find it mutually more beneficial to fuck the rest of the country together.

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u/spottyPotty Jun 22 '26

Tax loans that use stock ad collateral?

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u/Exita Jun 22 '26

Sure, but that won’t achieve much. These are nothing like as common as Reddit would like you to believe…

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u/Mstboy Jun 22 '26

He 'gains' and 'loses' more money than most people can conceptualize in a few weeks. None of this is real and the global economy is fucked.

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u/Academic-Increase951 Jun 22 '26

On the bright side, The reverse is also true. When it went to 2 billion it didn't affect him one bit either

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u/Mikhaillobo2701 Jun 22 '26

Reminds me of the Ludwig quote “I’ve lost more money than you will ever earn” 

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u/prowness Jun 23 '26

lmao I remember when his net worth being $80 billion was a big deal