this post was submitted on 12 Jun 2026

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Elon Musk becomes world’s first trillionaire as SpaceX valuation passes $2tn in first stock market trading. The world's richest person now is 100× richer than the richest person in 2016 (www.theguardian.com)

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[–] quarrk@hexbear.net 1 points 2 days ago* (last edited 2 days ago)

The stock market can stay irrational for a very long time, maybe indefinitely, as long as the USD retains its global status. If you’re China and you have a comical glut of USD, literally what else do you do with it other than buy up stocks and bonds. There aren’t enough real assets to buy up otherwise, and their monetary wealth would devalue.