But that's what market cap means. The same is true of a stock. If NKLA creates 1mil shares and sells a few for $1, their market cap is $1mil. Even if the flo

But that's what market cap means. The same is true of a stock. If NKLA creates 1mil shares and sells a few for $1, their market cap is $1mil. Even if the float (shares available) are only 10% of total shares outstanding, if those shares now trade at $20 the market cap becomes $20 mil.