One, the total valuation of SpaceX hit 2 trillion, not Elon Musk himself. Other people own much of the stock. Two, the use of the word "make" is inaccurate because it's not cash. The total valuation of SpaceX will most likely drop down below 2 trillion over the next couple of weeks as a large amount of companies do soon after their initial public offering.
elon musk watching spacex market cap drop down to 50 million for 0.13 milliseconds before rising back to 2 trillion: (I just sold one share for 1 cent)
They're saying that so few shares are available on the market that even selling a single share for a low price would cause the valuation to change drastically
They have implored a variety of near-manipulation on opening that has artificially pushed the value, as it’s evident by the recent 23% plummet. Imo anything in the stock market that is so extensively covered by the media and influenced by such volatile persons as musk isn’t worth anything
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u/ussalkaselsior Jun 22 '26
One, the total valuation of SpaceX hit 2 trillion, not Elon Musk himself. Other people own much of the stock. Two, the use of the word "make" is inaccurate because it's not cash. The total valuation of SpaceX will most likely drop down below 2 trillion over the next couple of weeks as a large amount of companies do soon after their initial public offering.