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I just read that Elon responded to Peter Diamandis by simply saying, “$10T o nada,” when he was told that he had already reached 800 billion. Elon Musk’s fortune is a topic that, right now, clearly leaves no one indifferent on Wall Street.
What’s interesting isn’t just the number. What’s happening behind the scenes is that nearly 200 major investment institutions recently traveled to Texas for a SpaceX presentation. Some funds are already setting aside money, analyzing how much they can buy, and deciding what to sell. The private rocket company could be valued at around 1.5 trillion dollars. Some managers are considering cutting positions in big tech companies, including Tesla, to free up liquidity.
Meanwhile, on Stocktwits, sentiment about Tesla is extremely bullish, even though message volume is low. Retail traders are paying close attention to all of this. A user was asking why Elon doesn’t invest his own wealth in Tesla infrastructure instead of waiting. Others are predicting price moves for TSLA. Tesla is down 13% so far this year, the second-worst performance among the Mag7.
What catches my attention is the power structure that SpaceX is communicating to IPO investors. No one can remove Elon as CEO unless he approves. Class B shares will carry 10 votes each, and Elon is expected to control them after the listing. It’s a tightly closed corporate circle. Experts say this goes further than typical dual-class structures in tech IPOs, because boards generally retain the formal right to dismiss a CEO.
Also, Elon is in the middle of a legal battle against OpenAI. Greg Brockman, OpenAI’s cofounder, is expected to testify on Monday in Oakland. Elon wants to revert to a nonprofit model, and he is suing for breach of fiduciary duty. Apparently, Elon recently contacted Greg about an agreement, but things didn’t get any better. Elon Musk’s fortune and corporate power are at the center of multiple dynamics at the same time.
What’s clear is that Elon Musk’s wealth isn’t just a number on a wealth ranking. It’s voting power, corporate influence, and the ability to move markets. Wall Street is reorganizing around this. It’s worth watching how the next moves unfold.