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excuse me, that was old information. Elon wants it valued at *$1.75 trillion.* though I guess when you're talking about an infinity P/E ratio, who's really counting

anyway there's basically a Wall Street conspiracy to force all the institutional investors, index funds etc to buy this turd by rigging the index rules. though of course "owning" a share gives you no control whatsoever over the company, Elon keeps that

15/5/26, 3:22 pm48 reposts186 likes

TheBrett

@thebrett.bsky.social

17 May

The thing that extra worries me is that this potentially makes him - and SpaceX - Too Big to Fail. If he drives the company into the ground, expect a lot of wailing and gnashing of teeth from the Financial Sector, plus demands that it get bailed out to save index funds and so forth.

aramco.comFourth quarter and full-year press releaseCompany delivers growth, strong earnings, and increased returns

by way of comparison Elon's target valuation is close to that of Saudi Aramco (the Saudi state owned oil company). while SpaceX made negative 5 billion in profit last year, that company made $105 billion www.aramco.com/en/news-medi...

Godspeed You! Woke Moralists

100 percent agree with this. you can have a private company or a public one, but the dual class structure is just a fraud against the public bsky.app/profile/john...

Not Particularly Anonymous@johnfromnearboston.bsky.social

There's no reason for dual share classes to exist for publicly traded companies. Need to be banned. Awful from both a capitalist and socialist perspective. The CA wealth tax using control is a nice bonus, but need far more than that.

@dashwallkick.bsky.social

It's perfect 1% CEO brain. What if we sold shares that made us rich AND didn't lose any control over the company? All that public money is just sitting there!

Stuart Semmel

@semmiotic.bsky.social

How in the world might one possibly protest this in any sort of productive fashion? Who actually had the power to decide not to do this?

Abby This is Not Normal

@abby-z.bsky.social

Not Particularly Anonymous

I’m a casual observer so maybe I’m missing something but: He buys Twitter. It loses lots of money, so he merges it with Tesla, where he’s bored with cars so he focuses on AI and robots and loses a lot of money, so he merges it with SpaceX, where his savvy business acumen will enrich us all?

@johnfromnearboston.bsky.social