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Elon Musk Discovers What Hierarchy Actually Means | Techdirt
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this post was submitted on 22 Oct 2025
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Leopards Ate My Face
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The thing to remember is that the money there isn't actually cash. It's all just value based on the companies he owns shares in. If the share price plummets, so does his net worth. Several of those public companies are massive bubbles.
SpaceX is private, and thus much more obscured, but it also is apparently profitable while offering services cheaper than the competition, and that was before Starlink and its public sales and profitability. They actually have spearheaded things that other companies are now trying to copy to stay relevant. And yes, I know there are other smaller startups doing similar work, that's not really who SpaceX is competing with however, they're competing with the likes of Lockheed and Boeing.
It's the other companies like Twitter and Tesla that are propped up by speculation, bullshit, and repetitive lies without consequences from shareholders.
That doesn't really matter. He uses money to influence outcomes. After reaching a certain networth, you do that simply by having it. You move whole markets just by entering or exiting them. The fact that it's tied up in specific things only means he's influencing those specific things.