General Discussion

BlueTsunami2018

(5,143 posts)

14. It's all a scam to push debt onto the public while Elmo pushes up his net worth.

Tue Jun 23, 2026, 05:24 PM

Tuesday

Twitter was bought by xAI, xAI was bought by Space X, Space X went public to cash in. Every move pushed the debt to a new company and finally to the shareholders of a publicly traded company.

Meanwhile, Elmo maintains 93% of the voting shares and they’re already prepping a $20 billion bond to buy Cursor.

He makes all the money, all the “newly minted working class millionaires” are left holding the debt bag.

He’s a genius alright, a genius at scamming.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

SamuelTheThird

14 replies

= new reply since forum marked as read

Highlight:

SpaceX Investors Are Losing a Colossal Amount of Money [View all] SamuelTheThird Monday OP

Musk is not..... Lovie777 Monday #1

Still +$29 above intitial cost per share. TheProle Monday #2

its 154 today SamuelTheThird Monday #3

Fair enough. Didn't check the close. TheProle Monday #4

Its future beyond the hype seems dim SamuelTheThird Monday #5

Assessing stock based on a horizon of a few days is just silly. TheProle Monday #7

Is that what I did? SamuelTheThird Monday #9

Unfortunately the market can stay irrational far longer than people shorting the stock EdmondDantes_ Monday #10

But people did lose money SamuelTheThird Tuesday #13

Permanent colony on Mars with one million inhabitants DFW Monday #6

A Mars colony with one million inhabitants?? Disaffected Monday #8

Yeah D_Master81 Monday #11

If there's one thing I've learned the past 5 years D_Master81 Monday #12

It's all a scam to push debt onto the public while Elmo pushes up his net worth. BlueTsunami2018 Tuesday #14