Mark Moss tracks Elon Musk's net worth swinging $750 billion in six weeks with no actual company changes, just stock price moves. Owning Tesla or SpaceX stock is a bet on the company's execution, not ownership of the technology itself. You're building on the builder, not the abundance.
And the question is whether that property gets more valuable in a decade where every other single rung has a reason to expand. Okay, now here's why owning the companies is not the same answer. Okay, so this is Elon's paper net worth. I don't know when you're watching this, so it may be a little bit different by now, but this is just over the last 6 weeks. Okay. Now there's 2 different trackers here, Bloomberg and Forbes. And what's interesting here is that Forbes and Bloomberg, the yellow and the red line, they both have their own number. They don't even agree with each other, which tells you something on its own, right? He peaked— look at this, crazy— about $1.45 trillion on June 16th. That's the wealthiest that any human being has ever been, whatever, right? But then roughly $750 billion gone in 6 weeks. $750 billion he lost, which is more than, I think, than the next richest man. I don't know, somewhere close to that. He didn't sell a share. Nothing was realized. The companies didn't go out of business. The market just remarked what he already owned, and 3/4 of a trillion dollars evaporated. Okay, so you can see that owning equities in companies building the abundance like we just talked about, it's a levered bet on those companies executing. It's a bet on, you know, I don't know, Tesla's margins, on SpaceX's launch cadence, whether a robot actually ships at the price they said it would at the timeframe they said, right? Those are good bets, right? There's also bad bets that depend on the company, but none of them are a claim on the actual abundance itself, right? You're building on the builder, you're building on the company, you're building on all types of risks that are there, not on the actual thing being built.
