The stack of insanity that the SpaceX IPO unlocks grows like a jenga tower:
This dilution would benefit exactly one person: the one person in the world who currently has a higher wealth-number than anyone else, and would harm everyone else who happens to be invested in that stock (or in living on a planet that mister “1,000ppm is just fine” is throwing his weight around on).
But, as we covered above, those shareholders would no longer just be the Tesla faithful, who have been happy to be fleeced by the white supremacist they have crafted their personas around.
They would be everyone with a retirement account,
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