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- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 12
QQQE equal weight Nasdaq 100 has been brought up here a few times and I think some posters own it. SpaceX will possibly be added to QQQE in July.
How do owners feel about 0.99% of your investment going into SpaceX?
The space stuff is cool. Grok and “twitter” not so much.
Here’s Patrick Boyle on the IPO prospectus. Worth a watch.
Space X IPO: Nice try though
https://youtu.be/IHD8BDFYyGI?si=f9GDNgHp82T49JU7
No. of Recommendations: 13
I very rarely watch any video link, let alone a 30 minute one, but that was truly delightful. Thanks for posting it. As you say, "worth a watch".
The subtext is perhaps (?) "So, this is what we have come to". It's almost enough to make you entertain the notion that Mr Marx wasn't as wrong as we all assumed. Late stage capitalism indeed, perhaps with the emphasis on "stage".
Jim
No. of Recommendations: 20
People have a long history of doubting Elon's ventures and capabilities, and more recently, hating him feverishly for political reasons.
But there's a reason he holds the spot of #1 richest man in the world, and it's more than just well-written compensation packages.
He's delivered, and delivered big, over and over again.
That said, I'm not sure what your comment "Grok and twitter, not so much" means.
Do you find Jensen Huang (Founder & CEO of nVidia's) opinion credible?
Here's what Huang said about xAI/Grok:
“xAI did in 19 days what everyone else needs one year to accomplish. That is superhuman… there’s only one person in the world who could do that. Elon is singular in his understanding of engineering and construction and large systems.”
xAI came out of nowhere, years behind every other company with AI models, and not only caught up in record time but has already surpassed the top 3 companies with leading AI models in some measurable respects.
On Twitter/X, while the purchase of it still appears on paper to have been a terrible decision monetarily, primarily due to the mass advertiser exodus for controversial reasons, the product is doing quite well now.
Estimated number of X users has grown +20-35% in 3 years since purchase, and that growth % should not be understated - that's +110 to +160 million new users. And X is operating more smoothly with more capabilities than it did before purchase.
This, despite the number of employees being cut from 7,500 to around 1,500-2,000. (a nearly 80% reduction). That level of efficiency improvement alone is borderline miraculous. How many companies could slash employee count by 80% and see virtually no functional user experience impact from it?
Disclosure: I have no stake in any of Elon's companies. But I do admire what he's accomplished and the noble goals he's at least espoused to be pursuing.
He's the richest man in the world, but he reportedly lives below the poverty line.
He could be lounging on his own private island soaking in his wealth, but instead he invests nearly every penny of his fortune into his companies in the pursuit of progress.
Companies with goals that are oriented to benefiting humanity, including a "backup plan" for Earth (humanity).
But all that aside, I can't help but have some level of admiration and respect for someone who is a self made man, the epitome of the "American Dream", regardless of political leanings.
No. of Recommendations: 45
I appreciate how you can feel that way about Musk. Allow me to offer some counterpoints.
"xAI did in 19 days what everyone else needs one year to accomplish. That is superhuman… there’s only one person in the world who could do that. Elon is singular in his understanding of engineering and construction and large systems."
Huang did not say that about xAI or it's models. He said that about the Colossus datacenter construction, the one that xAI had insufficient demand to utilize adequately, and is currently being rented to Anthropic. It was simple flattery, anyway. xAI had just bought a few billion dollars worth of GPUs from Nvidia.
Nobody uses Grok for serious purposes, even SpaceX. It's not good and even if it, it requires partners to trust Musk with their data.
"On Twitter/X, while the purchase of it still appears on paper to have been a terrible decision monetarily, primarily due to the mass advertiser exodus for controversial reasons, the product is doing quite well now."
It is demonstrably not doing well. The SpaceX IPO itself serves to bail out the other Twitter investors. The S1 shows its revenue is down $100M, year over year. Reddit revenue was up 70% over that period.
He's the richest man in the world, but he reportedly lives below the poverty line.
He has four private jets. He has the silly $50k house for PR, but owns a large mansion in Texas. He has premiere medical care and is less extravagant than other billionaires but "lives below the poverty line" is just something his Grimes said about him. Grimes also reportedly said she agreed she was a simulation that existed only in his mind:
"She [Grimes] told me repeatedly that Musk has this theory of her that she’s not real," Gordon said. "That she’s a simulation who was created by him and exists in his cerebral cortex as sort of the perfect companion to him. Which sounds a little crazy and maybe even a little creepy, except, she agrees with it. She said she does feel like this simulation that was perfectly created for him."
She has said various other things about him recently I will not repeat here.
Musk has a Jobs-like reality distortion field. Musk has publicly talked about his ketamine usage and that's probably a very strong reason that his legacy will diverge from Jobs' legacy as much as I expect it will. He just exploits the same human cognitive to the gish gallop as other prominent individuals. Who even remembers what commitments he's made and failed to meet any more? Who can keep up? TSLA revenue is mostly flat and they are busy pivoting to humanoid robots because robotaxis are passé and not working out as well as promised. I encourage everyone to not take his word for what he has done or will do. Remember and write down what he has said, measure the results, and use that to adjust your expectations.
This IPO is such a travesty that I predict it has a non-zero chance of being the undoing of the US. Whether it turns out that way depends on the unwinding of the AI infrastructure financing, whether the PRC takes an active or passive role, and - specifically - how Kevin Warsh behaves as Fed chair in the next two years.
No. of Recommendations: 0
That was a very entertaining video
No. of Recommendations: 4
He's the richest man in the world, but he reportedly lives below the poverty line.
He could be lounging on his own private island soaking in his wealth, but instead he invests nearly every penny of his fortune into his companies in the pursuit of progress.
If every penny is tied up in his companies, where does the $15 million in hush money to keep his kid’s existence a secret come from?
No. of Recommendations: 5
People have a long history of doubting Elon's ventures and capabilities, and more recently, hating him feverishly for political reasons.I also dislike the man on humanitarian grounds:
One Year Later: The Effect of US ‘Chainsaw’ on Global Health
https://healthpolicy-watch.news/the-human-cost-one...That said, I'm not sure what your comment "Grok and twitter, not so much" means.AJM101 answered that one.
You think xai was worth $whatever billion, when Musk said, just after the purchase:
https://www.cnbc.com/2026/03/13/elon-musk-xai-co-f...Less than six weeks after Elon Musk merged SpaceX and xAI in a deal he valued at $1.25 trillion, the world’s richest person is acknowledging that his artificial intelligence startup “was not built right first time around, so is being rebuilt from the foundations up.”Yeah, he knew that before SpaceX "bought" it.
But I do admire what he's accomplished and the noble goals he's at least espoused to be pursuing.What are these noble goals? And do they make up for all the ignoble ones?
He's the richest man in the world, but he reportedly lives below the poverty line.He doesn't.
The Issacson biography is worth a read. A bit dated now. Does cover the Twitter purchase.
He has definitely risked everything more than once.
No. of Recommendations: 33
I put this on the Macro board before I saw this thread. It seems to fit here:
Lifted word for word from the Saul’s board over on that other Motley Fool site (a board generally known for its relentless optimism…)
Before you even think of investing in the SpaceX IPO (or open market stock purchase post IPO), please read the S1 very carefully. It is a remarkable document. A few things I picked up is that you can only purchase class A stock which provides you with 1 vote for corporate matters. You need never bother casting a vote because it has no value. Elon Musk will possess class B stock with 10 votes per share insuring that his whims can never be outvoted. No biggie? Who votes their shares anyway?
There’s more, lots more. SpaceX comes to market deeply in debt. Space X is burning money faster than the one profitable part of the company (Star Link) can generate profit. Every other aspect of the company is completely dependent on a lot of science fiction becoming reality (including recruiting one million people who actually want to colonize mars).
There’s other things like locating mineral rich asteroids and mining them and returning the refined products to earth at a profit. Or building an AI factory in space (“free” energy) and leasing compute to X-AIs chief competitors (Anthropic and Open AI). Selling (or renting SaaS style - I’m not sure) an AI code generator that X-AI’s engineers refuse to use because of its inferior functionality.
A lot of very questionable financial transactions. For example, SpaceX purchase hundreds of Tesla pickup trucks (because no one else was buying them) at full price, no volume discount. BTW, the number of trucks purchased by SpaceX exceeds the number of trucks reportedly sold to SpaceX by Tesla by close to 100 units. One of the board members has loaned SpaceX million of $$. Might he act in his best interest rather than the general stockholder’s? Oh, by the way, as noted above, Musk has sole authority to select the board members (remember that voting thing?).
There’s also a class C stock to which Musk will be entitled to gobs of shares should certain events transpire. Not to worry, it clearly says in the document that these events are unlikely to ever occur. The effect of that clause is such that if they were likely to come to pass, the full value would have to be expensed immediately upon going public. But, in that these events are declared as unlikely, they won’t have to be accounted for until they actually occur. So, what’s the point? Musk can still borrow against those shares as if they were real, tradeable stock.
No stockholder action can ever take legal action against SpaceX or Elon Musk personally - incorporation in Texas rather than Delaware has made virtually impossible to sue the company as a shareholder.
Those are just some highlights . . . there’s more.
No. of Recommendations: 2
Share of U.S. businesses with paid subscriptions to AI models, platforms, and tools:
https://ramp.com/data/ai-indexChoose the Model tab. Anthropic and Open AI have most of the market so far. xAI is a rounding error.
No. of Recommendations: 12
On Twitter/X, while the purchase of it still appears on paper to have been a terrible decision monetarily, primarily due to the mass advertiser exodus for controversial reasons, the product is doing quite well now.
Estimated number of X users has grown +20-35% in 3 years since purchase, and that growth % should not be understated - that's +110 to +160 million new users. And X is operating more smoothly with more capabilities than it did before purchase.
Depends on what you mean by "quite well". According to the SpaceX S-1, Twitter/xAI xAI posted an operating loss of $2.47 billion on $818 million in revenue for Q1. In 2025 it lost it lost $6.36 billion on $3.2 billion in revenue. SpaceX said it expects a "multi-year investment horizon" for these investments to pay off.
I have no problem with a multi-year investment horizon, but it is far from clear the Twitter purchase was a good decision. xAI is unique in that it has a robust (but not money making as far as we know) social media component. But hasn't had the explosive user growth that its competitors like Anthropic, ChatGPT, or Gemini have had. Anthropic is likely to be profitable soon, and Gemini likely already is.
I don't know how AI will shake out, but I believe due to the enormous capital costs the weak hands will be forced to fold at some point. Right now, xAI is the weak hand.
No. of Recommendations: 15
He's the richest man in the world, but he reportedly lives below the poverty line.
Wahahaba 🤣
No. of Recommendations: 38
To be fair, I suppose the poverty line is a matter of personal judgment.
Mr Must squeaks by having only four jets. Three Gulfstream and one Dassault. Through a holding company, of course. All for pressing valid business purposes, no doubt,
And the multiplicity itself is for valid privacy reasons, of course.
In 2020, a 19-year-old college student named Jack Sweeney built a Twitter bot that tracked Elon Musk’s private jet using publicly available flight data and posted its location in real time. Musk noticed. He sent Sweeney a direct message offering $5,000 to take the account down, citing security concerns. Sweeney countered with $50,000, or a Tesla Model 3. Musk went quiet. Two years later, Musk paid $44 billion for Twitter. Among his first acts as owner: banning the account, suspending all 30 of Sweeney’s associated profiles, threatening a lawsuit, and temporarily suspending the journalists who reported on the ban. The @ElonJet saga is the defining story of celebrity private jet culture in the modern era, and it all started with a single Gulfstream tail number: N628TS.
A person can have a lot of life difficulties living below the poverty line.
Jim
No. of Recommendations: 9
Mr Must squeaks by having only four jets. Three Gulfstream and one Dassault. Through a holding company, of course. All for pressing valid business purposes, no doubt,
I’ve probably listened to 100 hours of musk interviews. Never once did I hear him say he lived below the poverty line or anything else close to that. Maybe I missed that. He bought twitter to save America from turning into a communist POS country with no free speech or democracy whatsoever! You commies would all want to kiss his ass if only he hated Trump and America!!! Admit it. 😊
No. of Recommendations: 5
The two classes of stock with massively different voting rights, and only one is on a market, is a full hard stop. Forget the rest. Thus drives me nuts with Facebook and I wouldn’t buy that either because whatever Zuckerberg wants…that’s what is happening.
Which assuredly will be the opposite of what is right for retail investors.
No. of Recommendations: 33
I don’t know about his poverty line but he lives way below my morals line.
No. of Recommendations: 3
What are these noble goals? (of Elon Musk's companies)
Great question. More people should ask that, because there seems to be a real lack of understanding of him, his companies, and their missions.
Below are the stated goals of his companies and top accomplishments to date in one line.
The impact his companies have had on the world is already enormous, and if these goals all come to fruition (many of them well on the way), the cumulative positive impact on the world would be truly profound, possibly unmatched in human history to date.
SpaceX: Ensure humanity's long-term survival by making life multi-planetary. Mainstreamed reusable rockets, lowering costs to launch weight into orbit by as much as 95%, with even higher goals on the horizon. Currently responsible for over 90% of all payload mass going into orbit worldwide.
Tesla: Create a sustainable future by accelerating the transition to clean energy. Mainstreamed EVs globally, and remains #2 worldwide in EV car manufacturing and sales with close to 10 million cars sold.
Neuralink: Restore independence to people with disabilities and expand human potential through brain-computer technology. Created human brain implants that allow direct computer interaction through thought, allowing over 20 paralyzed people to date to control computers and more.
Starlink: Connect every person on Earth to information and opportunity through global internet access. It's the largest satellite constellation in human history and provides service in roughly 150 countries and territories, and to date has enabled up to 40 million people to obtain internet access that couldn't before.
xAI: Develop artificial intelligence that benefits humanity and advances knowledge. Built a frontier-level, competitive AI model in record time and one of the world's largest AI training clusters in a very short period.
X: Enable the free exchange of ideas and global communication. Create community notes, real time community-based fact checking of posts that several other platforms have been inspired to adopt, including Meta.
The Boring Company: Give people back time and improve quality of life by reducing traffic and transportation bottlenecks.
PayPal/X.Com: Democratize access to digital financial services and global commerce. (X.com, not to be confused with the Twitter replacement today was Elon's, merged with another company that then became Paypal). Helped mainstream digital transactions, and influenced virtually every subsequent digital payment platform.
