▲ 328 ▼ SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B (townflex.com) submitted 3 months ago by stermy4u@lemmy.world to c/technology@lemmy.world 51 comments fedilink hide all child comments
[–] Jaysyn@lemmy.world 22 points 3 months ago (4 children) At what price point does Muskrat get his loans called in? permalink fedilink source hideshow 4 child comments replies: [–] MightEnlightenYou@lemmy.world 25 points 3 months ago (3 children) His net worth is still half a trillion more than it was a year ago. He didn't buy shares in SpaceX, he already had them before the IPO permalink fedilink source parent hideshow 3 child comments replies: [–] Jaysyn@lemmy.world 23 points 3 months ago (2 children) FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called. FFS, he doesn't have anywhere near half a trillion in liquidity. permalink fedilink source parent hideshow 2 child comments replies: [–] Bustedknuckles@lemmy.world 7 points 3 months ago That only matters if lenders a) don't believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long permalink fedilink source parent [–] NotMyOldRedditName@lemmy.world 1 point 3 months ago* He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly. permalink fedilink source parent
[–] MightEnlightenYou@lemmy.world 25 points 3 months ago (3 children) His net worth is still half a trillion more than it was a year ago. He didn't buy shares in SpaceX, he already had them before the IPO permalink fedilink source parent hideshow 3 child comments replies: [–] Jaysyn@lemmy.world 23 points 3 months ago (2 children) FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called. FFS, he doesn't have anywhere near half a trillion in liquidity. permalink fedilink source parent hideshow 2 child comments replies: [–] Bustedknuckles@lemmy.world 7 points 3 months ago That only matters if lenders a) don't believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long permalink fedilink source parent [–] NotMyOldRedditName@lemmy.world 1 point 3 months ago* He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly. permalink fedilink source parent
[–] Jaysyn@lemmy.world 23 points 3 months ago (2 children) FYI, that stock is used as collateral for the loans which fuel his lifestyle. When that stock drops to a certain price, those loans get called. FFS, he doesn't have anywhere near half a trillion in liquidity. permalink fedilink source parent hideshow 2 child comments replies: [–] Bustedknuckles@lemmy.world 7 points 3 months ago That only matters if lenders a) don't believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long permalink fedilink source parent [–] NotMyOldRedditName@lemmy.world 1 point 3 months ago* He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly. permalink fedilink source parent
[–] Bustedknuckles@lemmy.world 7 points 3 months ago That only matters if lenders a) don't believe he can pay the loans back, and b) would not themselves be hurt by calling in loans. With how incestuous the Epstein class is, my cynical bet is that he gets away with far too much for far too long permalink fedilink source parent
[–] NotMyOldRedditName@lemmy.world 1 point 3 months ago* He does have loans, but a lot of people think he still has them from purchasing Twitter, but he actually went away from that during the Twitter purchase. Im sure its a lot without twitter even, but its not the crazy large number it was briefly. permalink fedilink source parent