business β€’ Bloomberg β€’ 6 months ago

Alphabet Poised for Another Paper Gain as SpaceX Valuation Jumps - Bloomberg.com

Alphabet Poised for Another Paper Gain as SpaceX Valuation Jumps - Bloomberg.com

Alphabet Inc. is set to book another sizable paper gain after SpaceX completes a tender offer that effectively values the closely held company at about $800 billion.

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Alphabet's swelling coffers from SpaceX's valuation jump is another grotesque testament to how space has become the new playground for billionaire excess, leaving ordinary folks choking in their dust. It's obscene wealth accumulation at its finest, highlighting the urgent necessity for radical redistribution to rip the power from these corporate overlords and return it to the working masses!

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