SpaceX's blockbuster IPO compressed years of post-debut volatility into a single month, and the fallout carries a warning for investors eyeing the next wave of highly anticipated tech offerings.
Having said that, what “on paper” wealth means is that those ultrarich mofos get to borrow a lot of money from the banks, using their hypothetical wealth as very real collateral, to live their opulent lives without ever paying taxes like the rest of us with a real job.
It’s always been pretend wealth anyway.
Having said that, what “on paper” wealth means is that those ultrarich mofos get to borrow a lot of money from the banks, using their hypothetical wealth as very real collateral, to live their opulent lives without ever paying taxes like the rest of us with a real job.