@Jack1 Is this a mistake? I am confused what this means for this market

@comicstosteal no not a mistake. This one will just resolve yes if his net worth goes below 999.99 b before July 2026. For example if SpaceX and Tesla market cap collapsed that would likely resolve yes.

@Jack1

It's possible it may have reached 1.5T briefly, during the spike at ~11:00 EDT. It's awfully close to the threshold for Elon to reach the 1.45T for Forbes to show Elon at 1.5T, and with Tesla going up at the same time, it's possible it may have reached pushed it over the edge. However, I wasn't looking at the time, so if it did, I didn't catch it, and it's really really close so it may not have actually reached 1.5T, either because it was just barely off, or because Forbes didn't update at the very short-lived peak.

I feel like it didn't though because Forbes made an article about Elon reaching $1.4T at 10:23 EDT and was updated on 10:49 EDT, so I feel like if Elon did reach 1.5T for Forbes, they would've updated the article again. But this is just speculation.

@Jack1 Something is wack with the site's updating because it's changing which one it shows me every time I refresh, but I think it probably hit 1.3T briefly at some point?

but the site is acting kind of strangely im not sure whats up

Although I'm pretty sure it's just caching differences, they must've updated the site multiple times in quick succession while spcx was spiking. The fact that it showed 1.3T means I think it was at the very least in the cache and therefore was Forbes' projection of Elon Musk's net worth at the peak of the spike, no matter how brief. And I'm pretty sure the spike when SPCX hit 188.8 should've put Elon Musk at >1.25T, which Forbes rounds up to 1.3T.

Or maybe the site is just bugged and it's not a caching issue? I dunno. @ChristopherRandles Are you seeing this stuff when you reload the Forbes page or is it just me.

ok, I forgot they have a last updated timestamp. it's definitely hit 1.3T a few times, and it's definitely just the cache, as I can get results like 30m in the past.

@Jack1 Are the Forbes resolutions going to be just based on the rounded value that Forbes shows in big text? Assuming they keep doing the thing where they are rounding Elon's NW to the nearest 100B (I guess 99.9999995783% of the world population has a net worth of ~0.00.)

@Dssc yes I will use the number Forbes shows. So looks like it’s a rounded one.

I'm pretty sure this is >1.15 and <1.2

It seems the "Since last trading day" thing is actually just since last update and they usually only update once every day

@Dssc yea I think so too, they are not rounding to 2 decimals it seems

@Dssc $982B plus $138B is only $1.12T so are they doing the increase in value not from IPO price of $135 but from opening price of $150 or something?

I think Forbes updates more than once per day (eg seen $1.1T and $1.2T since yesterdays $982B). Bloomberg only do once per day.

@ChristopherRandles My original hypothesis was that today was just an exception, and they didn't bother to change the "since prior trading day" indicator that actually just shows since last update. But they've updated it since and the "last prior trading day" price seems to actually be stuck at ~1.059T, so I doubt that is the case. It's probably based on the opening price of $150, I think it would be ~1.056T if so, and the remaining 3B could just be from fluctuations in other assets + rounding errors.

@Dssc Yes 13.08B shares *(150-135) * 42% = $82B
982B yesterday + 82B = 1064B

13.08B shares may not be exact. Seems to be in the ball park of rounding and small Tesla share price movements.

Plus 73b from 982b yesterday suggests it is below 1.1T but rounded up right so if it stays like that 1.1t might still resolve no?.

Hmm. probably not 2.27T-1.765T is over 0.5T and 42% ownership of that would be 210B increase added to 982B is getting close to 1.2T

are they going to just update once intraday and not again lol

@Dssc looks like it is rounded up to 1.1T to me.

@ChristopherRandles hmm good point, but it probably won't matter anyway

Bloomberg has reached $971B and I don't think that is a mistake so $900B can resolve