With its IPO, SpaceX secured its role as the vehicle for consolidating Musk's vanity businesses into one closely held public organization that can more easily convert publicity into investment and internally reallocate funds and debts based on his personal whims.

So yes, SpaceX is pivoting, but it's to no one's surprise.

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chrisgd 4 hours ago | parent [-]

So buy $TSLA is your recommendation

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mixdup 4 hours ago | parent [-]

Buying Tesla is just buying SpaceX. When they roll up Tesla, it will be in a stock deal not real money. None of this is real money and I would argue that Musk is not the world's first trillionaire because there is no reality in which he could get that money out of SpaceX

I mean, if he wanted to sell tomorrow, who COULD spend $2-3 Trillion to buy it, and who WOULD? Anyone with that kind of money to spend today knows what a scam it is

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sebzim4500 6 minutes ago | parent | next [-]

Sure, it's reasonably likely they merge at some point but the ratio between the prices at that time will be different than the current ratio, so it still matters which share you buy today.

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llbbdd 2 hours ago | parent | prev [-]

I mean as far as I know no human being is even a billionaire anyway if you only count cash. It's one of the things the "eat the rich" crowd is particularly bad at internalizing, that there's a difference between value and money that can be spent on food or hospitals.

	▲	hansonkd an hour ago \| parent [-]
		2,000 gold bars were stopped out of iraq. and that is just what was stopped / reported. Dictators and autocrats may or nay not have cash sitting in a bank account, but there are most likely multiple with $1B in gold.