Where did Elon's trillions come from? $2.2 trillion in market cap just materialized out of thin air in one day, and nothing else sold off to counterbalance it. Can someone explain this to me?
Goycattle are like primitive hunter-gatherers who try to divine the will of the gods with their primitive hunter-gatherer brains. Just don't worry about it, friend. It's beyond you.
>>62361172Was $2.2 trillion in liquidity just sitting on the sidelines waiting for this IPO? I find that hard to believe. The only big player who holds that kind of cash is Warren Buffett, and even he holds treasuries. Bonds barely moved today.
Phat ass butt why you scared to give me the booty! I see you stalking me.
>>62361172Flowed out of buttcoin
>>62361172People gave him money in the hopes that he would pay back even more money
>>62361172also check this outsay I have 50 rare coins, all the same sort.I haven't sold one, nobody has ever sold one. So they're worth $0so I take one of the 50 coins and sell it to one person and that person pays me a million dollars for that one coin.now my coins are no longer worth $0, they're worth $50 million. Even though I have only sold one and it only sold for a million. Because people assume that if I can sell one for a million the other 49 must also be worth a million each.sell off a fraction to set the price, and the rest is just fantasy money. But you can borrow against fantasy money.
Serious answer: it's a value determining event. The value was already there, the society has just discovered it. Image a starving society that has just found out that one man's home is edible. Nothing has changed objectively, but the man is rich overnight.
>>62361172anyone who thinks wealth is real shouldn't be allowed to vote
>>62361283anyone who thinks voting is real doesn't have wealth
>>62361172they're selling a certain amount of stock and based on market price of that traded stock his stock share makes him theoretically a trillionairethey have not actually sold a trillion worth of stockAnd if he went out and sold his entire share tomorrow it would crash the market for SpaceX stock and then he wouldn't be worth a trillion dollars
>>62361281Yes, but money changed hands. The starving people paid the homeowner with something that came from somewhere. Every last share was purchased at market prices using real money. Where did that cash come from? I'm sure it was leveraged, but still, money has to move, collateral has to change hands. Bonds didn't move today. $2.2 fucking trillion appears out of nowhere, and no trace of it in the broader market. Make it make sense.
>>62361315what percent of the company actually sold?the remaining percent that didn't actually sell is probably most of that "money"
>>62361280Great explanation
it's imaginary to drive you insane for trying to understand it
>>62361321thanks
>>62361281>starving society>man's home is edible>rich manlamo dude that is your metaphor? What kind of world do you live in I want to be your friend
>>62361315Only 4% of the $2T changed hands.https://poole.ncsu.edu/thought-leadership/article/spacexs-ipo-a-small-slice-a-giant-valuation-and-a-new-playbook-for-public-markets/Of course there is no $2T on someone's account. There need not be the matching amount of cash in existence at all.
>>62361172>list company publically>list 5% of shares for sale the rest are retained>shares sell for 80b at a set price>rest of the shares take on that same price even if they arent for sale>now have a fresh trilly of currently unsellable and dynamic capital you can borrow against
If a girl sells a bottle of bathwater for 10 dollars but she have a whole bathtub then you could claim she has 10000s of dollars worth of bathwater
>>62361215you don't need that mcuh money lol. all you have to do is list it at that value and if people buy it then that's what its worth.
retards sold bitcoin to buy the top of the ai bubble
>>62361172They only floated 555.6 million shares which is 4% of the shares. So that's $89,423.8m worth of liquidity needed. $90B isn't that crazy when you consider there are like 80m retail investors in the US. Meaning the average retail investor could in theory have bet $1k into it to accomplish this.
>>62361803That's the answer. They only sold a fraction of the shares.
>>62361857I was just putting it into one post. If Musk was really focused on shareholder value he would create black Kim Possible Nubian Queen sex robots for White Pharaohs.
>>62361172>nothing else soldnigger every fucking stock sold off 5-10% last week to fund this shit. Something like 10T of mcap vaporized so people could shove into muh "infinite upside because our TAM is the universe" stock on ipo day.
