For Elon to have Trillion dollars, wouldn’t it require everyone in western world to immediately sell their car and buy spaceX. Otherwise it’s just monopoly money.
It’s extrapolated money. If a share is worth $130, and there are 7700000000 shares, then the company is worth a trillion dollars. But if all the shares we to be sold at the same time, almost nobody would buy them at the $130 price. Instead, the few who would buy these would do so at a near zero price, thus making the company be worth $0.
It’s almost like Bitcoin, only instead of the zero inherent value of Bitcoin, companies have a little bit of value behind the extremely bloated stock prices.
For Elon to have Trillion dollars, wouldn’t it require everyone in western world to immediately sell their car and buy spaceX. Otherwise it’s just monopoly money.
It’s extrapolated money. If a share is worth $130, and there are 7700000000 shares, then the company is worth a trillion dollars. But if all the shares we to be sold at the same time, almost nobody would buy them at the $130 price. Instead, the few who would buy these would do so at a near zero price, thus making the company be worth $0.
It’s almost like Bitcoin, only instead of the zero inherent value of Bitcoin, companies have a little bit of value behind the extremely bloated stock prices.