Jun 13 (edited) • General discussion
World's first Trillionaire and why SpaceX will keep going up!
Why will SpaceX continue to climb? Beause the SpaceX inclusion in the major indexes will be coming soon, and it should be the catalyst for new money flowing into SpaceX, which should keep the price up. The passive investor crowd that pour money into their 401Ks each month will be automatic money that will have to find a home in SpaceX through the indexes that make up most of these investments. It will also likely be included in the S&P 500 as soon as December. Also, the Staggered lockout, which will keep insiders from selling for a while, I think that the insiders selling will be the shares that the indexes pick up and prop up the price with. Stock buybacks could also be a catalyst to hold up the price. Let's keep an eye on price action!
Elon went from $280 billion in net worth yesterday to an additional $800 billion from SpaceX today. The funny thing is that he has incentives with bonuses to get another 1.8 billion Shares (could be another trillion for him) of SpaceX if he hits milestones like colonizing Mars and building data centers in space. Everyone thought he couldn't hit the benchmarks with Tesla, but he did. If he can pull this one off, the Shareholders will get to go for the ride with him with the appreciation of the share price! Go Elon!!!
Here’s a great Elon Musk interview where he speaks about how they will operate data centers in space:
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World's first Trillionaire and why SpaceX will keep going up!
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