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Re:SpaceX stock erases all its gains and slides below IPO pr... by epistasis on Thursday July 16, 2026 @09:31AM (#48934306)
What you describe is exactly a scam: he somehow convinced you that he's not motivated by wealth! That alone is clearly a scam, the idea that Musk is not motivated by huge amounts of wealth and high valuations is just implausible considering g his behavior at every single turn.
Re:SpaceX stock erases all its gains and slides below IPO pr... by CrimsonRain on Thursday July 16, 2026 @09:34AM (#48934348)
What is he doing with all that wealth? Taking lavish vacations? Buying luxurious yacht? Buying islands and making bunkers?
Re:SpaceX stock erases all its gains and slides below IPO pr... by ordersofmag on Thursday July 16, 2026 @09:56AM (#48934658)
He is possessing it. That is the goal. To have more and to continue to acquire more. The mountain is there and he feels a need to climb it. But if he were to reach the top he would not be happy. The greed admits no conclusion. It must be fed continually. The joy is in the moment of 'winning', which is transient. There is no end other than death.

Some people are like this. Ever major religion and thought movement throughout history recognizes people like this. They need to have more for themselves even (and in many cases especially) if it means less for others. In pre-history when we lived in small groups and we really knew each other the group could identify and isolate and disempower them. Populations grew and so did their ability to lie and get away with it. To deceive and amass power. To exploit the systems that we built to help the collective to their own ends.

Re:SpaceX stock erases all its gains and slides below IPO pr... by sailfast on Thursday July 16, 2026 @09:46AM (#48934521)
I would much prefer Mr. Musk found a nice hobby like yachts or race horses instead of buying communication platforms, bulldozing regulations, and bribing officials with PAC money.

That said, he needs the wealth to keep the whole machine from falling over. One element might be stable but the rest is overstretched and about to go bankrupt at any minute. He is doing this to get back control of Tesla while also investing in AI and not exploding.

He is running forward falling and his wealth legs need to keep up or it all goes down hard (and takes a bunch of bagholders with)

Re:SpaceX stock erases all its gains and slides below IPO pr... by CrimsonRain on Sunday July 19, 2026 @12:31PM (#48969528)
So when they spend money to rent town area for marriage, it is a problem. When they spend money to actually do some work to make the world a better place, it is also a problem. The only good thing is donate money like bezos ex-wife and fuel the activists. Eff socialism.
Re:SpaceX stock erases all its gains and slides below IPO pr... by inigyou on Sunday July 19, 2026 @12:39PM (#48969589)
What did Elon do that made the world a better place
Re:SpaceX stock erases all its gains and slides below IPO pr... by epistasis on Thursday July 16, 2026 @09:48AM (#48934544)
Having the wealth, of course, the glory of being the richest man to have walked earth.

Spending it is not the goal, having the wealth is.

Remember the ridiculous Tesla compensation package that he demanded? That's about having wealth, it's not about spending it.

Re:SpaceX stock erases all its gains and slides below IPO pr... by CrimsonRain on Sunday July 19, 2026 @12:28PM (#48969499)
It is about having control of the company directions and not be beholden to stupid board members or hostile take overs.
Re:SpaceX stock erases all its gains and slides below IPO pr... by snowbantrobus on Thursday July 16, 2026 @09:50AM (#48934569)
He is buying countries dear, buying influence. It is all about power.
Re:SpaceX stock erases all its gains and slides below IPO pr... by nicholassmith on Thursday July 16, 2026 @10:07AM (#48934818)
> Buying islands and making bunkers? It was reported a few years back he'd built a bunker in New Zealand.
Re:SpaceX stock erases all its gains and slides below IPO pr... by ahoka on Thursday July 16, 2026 @10:02AM (#48934758)
Interfering with democracies.
Re:SpaceX stock erases all its gains and slides below IPO pr... by gambiting on Thursday July 16, 2026 @09:38AM (#48934395)
He's too busy shitposting on twitter to use his wealth in any meaningful way. I just want to know if once he's on his deathbed he thinks to himself "I just wish I could call one more person on twitter retarded, that was a good use of my time on earth"
Re:SpaceX stock erases all its gains and slides below IPO pr... by mothballed on Thursday July 16, 2026 @09:46AM (#48934527)
IDK what the calculation is for rich people, but for middle class who had that many children by that many women I don't think the state would leave them anything to survive on other than maybe prior savings.
Re:SpaceX stock erases all its gains and slides below IPO pr... by root_axis on Thursday July 16, 2026 @03:47PM (#48939361)
He spent $300 million in cash (more than any individual donor in history) to help elect the current president.
Re:SpaceX stock erases all its gains and slides below IPO pr... by CrimsonRain on Sunday July 19, 2026 @12:26PM (#48969493)
A lot of people spent a LOT more money in every election for many candidates. Esp the democrats going over billions in 2020 (3B or something). Did you cry about electing Biden with 3B?

And if he spent only 300M and was able to elect president with it, more power to him. He must know something about efficiency as others spending so much more couldn't do it. Ridiculous points. I can bring them up too.

Re:SpaceX stock erases all its gains and slides below IPO pr... by root_axis on Saturday August 01, 2026 @04:50PM (#49138359)
> A lot of people spent a LOT more money in every election for many candidates

And in this case the topic of discussion is how one specific individual spends their money - so Biden and Democrats and whatever other axe you have to grind is totally irrelevant.