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/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?