With the SpaceX IPO, Elon Musk has become the world's first trillionaire. If he was able to get an annual 5% return on that money (which is mostly in stocks, of course), he would be earning $137 million per day or $5.7 million per hour without having to touch the principal amount. What do you think is the dollar amount of a business (or any other) deal that would catch his interest? Would a $100 million deal be worth his time? $500 million? Hard to imagine how this man looks at money these days.
A $100M deal is like lunch money for him. $500M might actually earn a meeting. You have to believe Zuck and Bezos are feeling a bit jealous right now.
His Spacex lost 5 billion last year and that company is grossly overvalued, stay away and don't invest.
What is amazing to me is that they all keep working and trying to make more money. At a certain point, why not stop and just enjoy life? Sometimes, I wonder if someone like that can ever be happy and just enjoy things? I don't invest in individual stocks and it is likely that the price will drop after the initial frenzy, as you suggest. However, long term, anyone who has bet against Elon has made a big mistake. I recall the CEO of a successful company laughing at Elon over Tesla many years ago and saying that it was going to end up bankrupting him. To date, Musk has had a golden touch with the companies that he gets involved with.
True that but where was Musk before he purchased your Tycoon Model tinfoil hat? Before said hat he was routinely laughed at and usually shown the door.
Note that he bought the Deluxe Super Turbo Tycoon Model Pro Hat with Aerodynamic Chinstrap and Gamma Wave collecting ear muffs. He asked for some additional customizations that we are under NDA with him and cannot detail. He went with the full monty, so to speak.