Musk bought $1.4 billion SpaceX shares last year, The Information reports

    https://finance.yahoo.com/markets/stocks/articles/musk-bought-1-4-billion-073747084.html

    Posted by King-of-Limbs-07

    13 Comments

    1. The Ponzi scheme is wild.
      Banks loan him money, against his stock. He uses that to buy stocks, driving up valuation, than uses his other company to buy it out at the higher price point with stockholder money.

    2. Lol great depression started by 1 man because he bought stocks with stocks with money that doesn’t exist.

    3. One_Advertising_677 on

      Helium 3 is a rare earth mineral found in moon dust, it’s used to cool nuclear power plants. It will be in demand due to data centers. Space X will be extremely valuable. Good investment, I like a man that invests in himself

    4. Late_Company6926 on

      Imagine seeing this and not buying calls on tsla right now? He’s essentially telling you that tsla and space x are going to merge and he’s leveraging the shit out of his shares of both.

    5. Salty-Bid1597 on

      Hmm, he’s systematically buying out employees, not buying from other shareholders. He must be paying a premium and releasing them from lock ups.

      That is interesting. No doubt we’ll find out why at IPO. 

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