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You're forgetting the part where he is a near majority shareholder in spacex, so half of the profit made on your dollar spend winds up benefiting him personally
by phist_mcgee 1mo ago
You're forgetting the part where he is a near majority shareholder in spacex, so half of the profit made on your dollar spend winds up benefiting him personally.
- timr 1mo ago> so half of the profit made on your dollar spend winds up benefiting him personally No, it doesn't. Aside from the face-slappingly obvious fact that SpaceX is losing a half a billion dollars a quarter, that's not how corporate revenue works. Unless the corporate profits are paid out in dividends, you don't just get to hoover them up as a shareholder.
- apsurd 1mo agoakshully it does work like that. it sounds like you’re arm-chairing macro economics so ill try my hand too. No one said anything about dollar-in revenue dollar-out dividend. only you. if i have vested interest in a company and that company’s value is perceived to increase then i get to leverage that value into economic power. yes