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this post was submitted on 04 Sep 2024
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You assume he'd act rationally and invest in even more ridiculous wasted of money...
He's not smart enough to keep a backup, because even if it's just a million, he'll think he can turn it into a billion.
As rich as he is, he'll live another 40 years. More than enough time to burn all his money. Don't forget everything is leveraged against each other, his money is built on stock prices, and he's picking a fight with Brazil while using a shit ton of drugs
If Space X loses it's governments contracts, literally everything would go up in smoke and he'd desperately try to make what he lost back.
A deat spiral isn't implausible
SpaceX has enough of a lead over everyone else that I don't think them simply being denied government contracts is feasible, in a too-big-to-fail way.
You'd see some kind of forced nationalisation or being strongarmed into selling to another defense contractor on national security grounds.
Elmo might choose some kind of "if I can't have it, no one can" sabotage though.
And the damage he did would drastically reduce the price and likely cost a lot in lawyers.
That's what I mean, he'll always do the worst thing possible.
Hell piss away millions after billions and won't stop till he has negative wealth.