Props to Elon: he IPOs a space based telecom company wrapped in a bunch of garbage companies (xAI et al) as a meme stock and then uses those Elon bucks to go and buy a company to make his struggling ai ambitions relevant.

The formula is: create paper wealth, use that paper wealth to buy something else, and rinse and repeat.

The rich just live in a different part of the multiverse than the rest of us.