Unlikely, he’s been running it a loss for years now, propped up by his money, his billionaire mates’ money and some launch contracts in addition to Starlink.
This is the reason he’s building in terms into the IPO that prevent him being ousted - public companies making losses are at risk of board shakeups, he’s making sure that isn’t possible before the float launches.
He doesnt care if twitter or spaceX lose money, they’re valuable levers to get what he wants
He will own around 80% of the shares, so he’ll have plenty to sell off to enrich himself or use to borrow against down to 50.01% and he maintains control. So he gets a huge influx of cash from the ipo to use and he gains a wider calculation of wealth headed towards being the first trillionaire. This will absolutely put him over the edge into that status.
Unlikely, he’s been running it a loss for years now, propped up by his money, his billionaire mates’ money and some launch contracts in addition to Starlink.
This is the reason he’s building in terms into the IPO that prevent him being ousted - public companies making losses are at risk of board shakeups, he’s making sure that isn’t possible before the float launches.
He doesnt care if twitter or spaceX lose money, they’re valuable levers to get what he wants
He’s not been spending his money, he’s been spending vc and govt contract money. And the VC money is drying up, that’s why he’s opened it up to IPO.
How will that enable his stay in power? I have no clue how stuff like this works.
He will own around 80% of the shares, so he’ll have plenty to sell off to enrich himself or use to borrow against down to 50.01% and he maintains control. So he gets a huge influx of cash from the ipo to use and he gains a wider calculation of wealth headed towards being the first trillionaire. This will absolutely put him over the edge into that status.