Comment Re:Like A Crypto Billionaire (Score 1) 157
There's no doubt that Musk has near limitless funds at this point. But, "trillionaire" is just paper games.
And everyone should keep in mind that this is true for basically all of the billionaires. Not that there isn't real wealth there, but it's a lot fuzzier than the numbers appear. Basically everyone with astronomical wealth mostly owns shares in companies, and how much of that value is real in any near-term sense depends on a lot of factors.
Musk's wealth is more speculative and fuzzy than most because his companies' valuation is based not on the revenues the companies generate now but theories about what they might generate in the future. Tesla's high valuation is all about the promise of self-driving cars restructuring transportation. SpaceX's is a little bit about cheap access to space changing a lot of stuff and more about AI. In all cases the high valuations are bets on world-changing technology being becoming real, and on Musk's companies being able to capture a good chunk of the resulting revenues.