A reported 20% SpaceX valuation surge drives a single-day increase in Elon Musk's paper wealth exceeding Warren Buffett's lifetime earnings

I posted this before realizing it was up another 14% after hours...

@typesfast Little know but highly relevant buffet quote

Warren Buffett watching a rocket guy out-earn his entire 70-year career in a single trading session😭

He didn’t make that much money. That’s ridiculous. The apparent value of his SpaceX shares increased. He doesn’t have that money. Even if he put in an order to sell all of his stock, it wouldn’t be worth as much as the ticker would suggest. The share price would nose dive due to supply and demand forces on the shares. And frankly, SpaceX isn’t worth nearly as much without Elon at the helm.

It’s just the truth brother, I don’t make the rules…

@seanjhathaway Its $125 per person. Could feed everyone top ramen for 6 months...

@typesfast He made enough today to feed every human being in the world for the next thousand years.

Granted top Ramen, but whatever.

. @elonmusk ‘s net worth will be changing by as much in a day as the former richest men are worth. He will make or lose a Zuck, Besos, Gates daily!

@shiri_shh The funniest thing is that he could've easily been the first trillionaire if he wasn't such anti-tech boomer. He had every opportunity to invest early in companies like Google, Tesla, etc.

@typesfast *Everyone’s getting rich except me*

@typesfast @SylvesterPatr0n He deserves it he’s worked harder than anyone out there, and he does it with absolute class.

@typesfast sure but how big is the sun

@typesfast @litcapital Yet his companies have only produced a cumulative $25B in earnings and if Elon tried converting this to cash, he would likely crash the stock on a few billion.

@typesfast If you factor in what he's given to charity Buffett has made about $500 billion. That would take Elon AT LEAST three days to accumulate.

@typesfast Ok but he can’t sell it. And even if he could it would destroy the price. The only option is to borrow against it or extract 10 million per day forever like zuck does.

@shiri_shh Well. Buffett contributed nothing to humanity and still got millions. Should consider himself lucky in that regard.

@typesfast @wholemars 60m Americans hold majority-S&P retirement accounts. SpaceX tried. 😂

@typesfast @seanjhathaway Na that would cause huge ramen inflation.

@typesfast @MarceloLima Getting Rich and staying Rich are very different things You can rob a bank, then you are rich till you are caught Similarly Elon musk is a trillionaire with his companies net profit of negative 1 billion and that also with Teslas revenue shrinking every year

@typesfast This is, of course, true, and good for him!

Doesn't it sort of imply they underpriced the IPO though?

The IPO dealmakers (and other shareholders) made money, but the company itself kind of lost out.

@typesfast that is wild to think about