CONNECT WITH US
Tech

Tech

Elon Musk Is a Trillionaire Again. He’s Also Reaching New Heights of Self-Debasement

Gizmodo - Tech logo

Published on

Add as a preferred source on Google
Elon Musk Is a Trillionaire Again. He’s Also Reaching New Heights of Self-Debasement

How is it possible to be the richest person in history while also somehow being as pitiful as the Brundlefly in that one scene in David Cronenberg’s The Fly (Major spoiler alert by the way).

Over this past summer, it was tricky to sum up Elon Musk’s net worth. He was “expected to become a trillionaire” in early June. Then he succeeded, becoming “the world’s first trillionaire” shortly after the SpaceX IPO. But then he became an “ex-trillionaire” or an “erstwhile trillionaire” when the SpaceX stock price dipped.

Should we all just agree on the term “on-again-off-again trillionaire”? In any case, it’s on again. If you haven’t hit refresh on your browser tab with the Forbes.com Real Time Billionaires page today you might not have seen the news, but Musk got his 13th digit back. Congrats once again to our Big Net Worth Boy for all his net worth.

How did this miraculous resurrection happen? Some fresh analysis from Morgan Stanley’s Adam Jonas referred to SpaceX stock as “cheap and getting cheaper” on Sunday, and then on Monday, shares climbed over 7%, bringing the stock price back to June levels.

And that stock spike fixed Musk’s net worth so that it’s back to being an absolutely incomprehensible number. But if you shift your gaze from his personal ledger to how he’s been spending his time lately, any lingering envy you might have for all that money will quickly and disgustingly dissolve like one of the Brundlefly’s meals before he eats it .


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.