Article

2025-12-13 Economy

Oracle co-founder Ellison lost $24.9 billion in a day due to a stock price drop

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Posted by badanov 2025-12-13 00:00|| E-Mail|| Front Page|| [1817 views ] Top

1 Elon Musk Confirms that SpaceX Is Headed for an IPO that Could Make Him an ‘Instant Trillionaire’

Posted by Skidmark 2025-12-13 00:43|| 2025-12-13 00:43|| Front Page Top

2 However, his liquid assets are estimated at approximately $34.8 billion, some of which is in illiquid assets, and about 30% of his stake in Oracle is pledged as collateral for personal debt.

That's the writing of someone who has really low accounting skills. "Illiquid assets" shouldn't count towards "liquidity". This is "duh" stuff.

Posted by Crusader 2025-12-13 01:29|| 2025-12-13 01:29|| Front Page Top

3 That's the writing of someone who has really low accounting skills.

Direct Translation via Google Translate.

OpenAI taps Google in unprecedented cloud deal despite AI rivalry

The 'writing' may be an OpenAI artifact of Google.

Posted by Skidmark 2025-12-13 09:58|| 2025-12-13 09:58|| Front Page Top

4 Musk is considering taking SpaceX public because: "A test satellite with lots of solar cells is powerful enough to do solar powered AI in space and connected to Earth via StarLink." so Musk can make MUCH more money from selling AI in space than he does from SpaceX and StarLink alone. Oracle would likely buy among many others. Musk is talking about launching them from Earth now but eventually making them on the moon with robot factories then launching them all over space with EM slingshots.

Posted by 3dc 2025-12-13 12:49|| 2025-12-13 12:49|| Front Page Top

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