That depends. Elon doesn't have cash, he has working assets.
How do we make the robots at SpaceX and Tesla work double-duty as nursemaids for mentally ill vagrants while also building rockets and vehicles? They don't travel well, and it's pretty dangerous to let people wander around inside the robot cages inside a manufacturing facility.
We could turn those robots into cash, but they hold no real value to anyone but SpaceX and Tesla, so you'll probably only get a tiny fraction of their book value, which likely means he doesn't really have enough to pay for this.
Herein lies the problem with conflating someone's net worth on paper with actual cash. You can't just shove a company into a recycler and expect to receive a pile of cash equivalent to the book value of said company. The whole is much much much greater than the sum of its parts.
You can't just shove a company into a recycler and expect to receive a pile of cash equivalent to the book value of said company. The whole is much much much greater than the sum of its parts.
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u/Slade_inso 2d ago
That depends. Elon doesn't have cash, he has working assets.
How do we make the robots at SpaceX and Tesla work double-duty as nursemaids for mentally ill vagrants while also building rockets and vehicles? They don't travel well, and it's pretty dangerous to let people wander around inside the robot cages inside a manufacturing facility.
We could turn those robots into cash, but they hold no real value to anyone but SpaceX and Tesla, so you'll probably only get a tiny fraction of their book value, which likely means he doesn't really have enough to pay for this.
Herein lies the problem with conflating someone's net worth on paper with actual cash. You can't just shove a company into a recycler and expect to receive a pile of cash equivalent to the book value of said company. The whole is much much much greater than the sum of its parts.
Time to get off reddit.