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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 13 hours ago

SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors

www.forbes.com

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  • usa@midwest.social
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SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors

www.forbes.com

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 13 hours ago
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  • cross-posted to:
  • usa@midwest.social
Here’s Why SpaceX Stock Suddenly Took A Dive
www.forbes.com
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Elon Musk’s rocket firm pulled back from a rally that pushed its market value ahead of Amazon and Microsoft.
  • Blue_Morpho@lemmy.world
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    10 hours ago

    He gets to borrow against the shares as if he has that trillion in cash.

    • neukenindekeuken@sh.itjust.works
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      3 hours ago

      I wonder what his will looks like. Who gets to keep it all if he ODs on Ketamine.

    • SaveTheTuaHawk@lemmy.ca
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      8 hours ago

      What moron bank would lend against no actual collateral.

      • stringere@sh.itjust.works
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        6 hours ago

        Almost all of them. That’s how the Epstein class fund their lifestyles, they borrow against their stocks. This is why the Epstein class always want low interest rates; it is not about mortgages, at least not the kind where someone is homeless because they missed a payment.

        https://taxproject.org/carried-interest/

    • Kazumara@discuss.tchncs.de
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      10 hours ago

      Yeah sure I also think that he is a trillionare at the moment. I was just trying to show that it’s absurd to say he has the money even if the stock price falls because he’s already liquidated it.

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