r/worldnews • u/DoremusJessup • 18h ago

Billionaire Elon Musk has thrown his support behind far-right leader Marine Le Pen's bid for the French presidency, calling her "France's last hope", and prompting accusations of foreign interference in the 2027 election

https://www.rfi.fr/en/france/20260716-elon-musk-s-backing-of-le-pen-presidential-bid-raises-foreign-influence-concerns-in-france
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u/mylord420 17h ago

He didnt lose it. Its all theoretical until you cash out. SpaceX insane valuation was a dump onto the market, a liquidity event. Whats important is how much of that money he gets out of the company. The stock was never meant to stay high. We can shit on him all we want but this process was meant to enrich him and it did.

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u/Milith 8h ago

He wasn't able to cash out anything yet though. What it did was raise a lot of money for data centers.