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Definitely zero bugs this time
github.com/aeyakovenko/pe…
toly 🇺🇸@toly
Pretty sure all the v16 bugs have been fixed. There is no way you guys will find another one.
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toly 🇺🇸
114.9K posts
toly 🇺🇸
@toly
Co-Founder of Solana Labs. Award winning phone creator. NFA, don’t trust me, mostly technical gibberish. https://t.co/LomgbTpb6h
🏔️🏔️🏔️ Se unió Şubat 2014
7.1K Siguiendo1.4M Seguidores
toly 🇺🇸 retuiteado
SpaceX raised only $12B of capital before going public. With that $12B, they revolutionized the rocket industry, built a global satellite network, and created arguably the most innovative company of all time.
The federal government spends $12B every 15 hours and still can’t get its shit together. Prior to SpaceX, NASA was sending astronauts into space on Soviet-era Russian Soyuz capsules.
So no, I don’t find Elon’s wealth to be a problem, and I wouldn’t trust Elizabeth Warren or Bernie Sanders to allocate a single dollar of it.
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Jordan would have never let this happen
David Nage🎯@DavidNage
It is done. 40 years I’ve been watching and waiting. So incredibly proud of this team and how they overcame the levels of adversity they did.
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@pbreit @MichaelSLinden Now you can’t charge as much for internet because Starlink provides a comparable service.
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@MichaelSLinden How so? How does it prevent anyone from doing anything?
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This is missing the point. It’s not specifically about this threshold or this particular man. The amount of wealth and power that is now concentrated in a relatively few hands is, indeed, bad for everyday people.
Jonah Goldberg@JonahDispatch
I don’t mean to be callous. But if the IPO fizzled yesterday, would your situation be any different today? Are you worse off because he’s a trillionaire? Were you better off on Thursday when he wasn’t?
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@LukeMiani They should totally pay a tax on earnings after deducting costs!
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Every argument I’ve seen in favor of unchecked billionaire wealth hinges on the assumption that their accomplishments beget such wealth, it is earned.
Ok, let’s take that at face value. Wouldn’t the public dollars in the form of subsidies and investments also be entitled to reap the rewards of their sound investment?
Should not the victor of the capitalist game owe some of his success to the country that made it possible?
Chris Freiman@cafreiman
Elon Musk became a trillionaire precisely because he solved important problems.
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I was born in the USSR, and socialists were either idiots, or sociopaths that take advantage of the idiots.
He is blaming Elon and not his own voters who vote for local reps that create local zoning regulations. He is responsible for representing the people, or not?
All costs are downstream of housing. Want good healthcare? Build enough housing that a nurse can afford a family sized 4bd on one salary with no over time. Want good policing? Same thing.
So either he understands it’s his own voters local zoning regs or he doesn’t understand.
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@toly massachusetts needs to build more housing. but a united states senator has literally nothing to do with it. Markey has as much control over MA housing supply as any other senator. or any other American for that matter.
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lol. Senator from Massachusetts who created a self inflicted housing shortage wants to tax the people of Texas, who build electric cars and rockets, to subsidize the self inflicted housing shortage
Ed Markey@EdMarkey
Elon Musk just became the world's first trillionaire. While working people struggle to get by, the billionaire class is becoming the TRILLIONAIRE class. It's disgusting. I'm fighting to tax the rich so we stop rewarding trading stocks over punching clocks.
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He can borrow against it at low interest rates, giving him income that isn’t taxable.
Janis Kluge@jakluge
Elon Musk doesn't "have" a trillion dollars. It's just market cap on paper. He can't spend it. If he tried to sell his SpaceX stock, he would get much, much less for it. Market cap is pretty pointless if only 5% of a company is traded.
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@haugejostein Wealth != capital. The wealth is the Tesla cars, the capital is the Tesla shares.
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toly 🇺🇸 retuiteado
Five dimensional chess doesn’t exist. Everyone is furiously improvising all the time. The future is utterly uncertain.
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I think these guys are all saying that W Bush was right, social security should be converted into investment accounts.
Tony Annett@tonyannett
Worth noting: only 60% of Americans own stocks. And the top 10% owns 90% of them. A booming stock market just magnifies inequality. The rich make out like bandits, the middle benefit a little bit, and the working class gets left behind as usual.
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toly 🇺🇸 retuiteado
Virtually none of Musk's wealth comes from government "help".
The government bought things from Musk, as any other customers. It buys flights to the International Space Station (ISS) cheaper than it can buy them from Boeing or the Russians. That's not "help", that's "being a customer".
The government wanted more electric cars, so it gave a $7500 tax break. Yes, this "helps" Tesla, but only as the secondary effect of the government helping itself, furthering it's climate policies.
Whatever help you think Tesla and SpaceX gets, the government funnels far more to its competitors. That tax credit was available to all car makers. NASA gives outright grants of billions to SpaceX competitors that go nowhere, like Boeing's ill-fated "Starliner" and the "SLS Artemis" rocket to nowhere.
Seth Abramson@SethAbramson
Musk is the leading example of an illegal immigrant living off public welfare in human history and the man spends every day pretending the real problem is a woman cleaning motel rooms in West Murfreesboro Our species has let this evil man prosper and we will pay the price for it
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convinced that the ragebait around elon being a trillionaire is completely astroturfed, you are angry because the government is devaluing your dollars at a rapid rate, not because one guy has been successful at building self driving cars & sending rockets into space
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Best products will win in the market
Mike | Open Crypto Tracker/Slideshow Crypto Ticker@taoteh1221
Because it's A LEGIT REAL IOU TOKEN, redeemable at a 1:1 ratio for the underlying asset.💥
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Elon built stuff that the government wanted at a cost that no one could match. Senders has more power than Elon and he hasn’t organized labor to produce jack shit. This idea of “power” is bs. No amount of political spending can sway CA elections. The people are getting exactly what they want.
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The valuation of SpaceX is based on the future value it creates for the world. A farm’s valuation is based on the extra food it grows in the future. It would be good if there was a farm with 1 trillion valuation because it means the expected extra food it will grow will be worth $1T to the people consuming it.
If there were 500 more SpaceX companies, the world’s standard of living would be twice as high.
Because the 500T of capital is representing the benefit delivered to consumers minus the cost to produce it. The tesla cars, the satellites, the nuerolinks,
For the world’s median standard of living to hit the same as that of the median American, we need 10x global productivity. 5 quadrillionaires would do it.
There is no way to morally justify opposing quadrillionaires
Nathan J Robinson@NathanJRobinson
There is no way to morally justify having a trillion dollars
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Lol, they are just doing @ercwl rainbow charts.
Robert Armstrong@rbrtrmstrng
Wall Street consensus estimates for hyperscaler free cash flow. Provides a good snapshot of where the market's head is at, I think:
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