---
title: "SpaceX, Elon Musk and envy | Sami Miettinen on Puheenaihe 676"
summary: "Sami Miettinen as a guest on Rami Kurimo's Puheenaihe, in the week SpaceX listed and Elon Musk became the first trillionaire. The sharper half is financial: a hundred times revenue tells you nothing about when the price comes down, because the multiple prices optionality — Musk's companies read as a stack of long-dated options, many unexercised and several created out of nothing. The second half is about Finland: imported Marxist class hatred repurposed as identity politics, a country that fails to appreciate even its own successes, and the danger of a subsidiary economy."
datePublished: 2026-06-21
dateModified: 2026-06-21
originalLang: en
section: economy
sections: ["economy","society"]
authors: ["Sami Miettinen"]
tags: []
canonical: https://ai.neuvottelija.com/puheenaihe-676-spacex-musk-ja-kateus-rami-kurimo/
---
# SpaceX, Elon Musk and envy | Sami Miettinen on Puheenaihe 676

# SpaceX, Elon Musk and envy | Sami Miettinen on Puheenaihe 676

> **Summary:**
> Sami Miettinen as a guest on Rami Kurimo's Puheenaihe, in the week SpaceX listed and Elon Musk became the first trillionaire. The sharper half is financial: a hundred times revenue tells you nothing about when the price comes down, because the multiple prices optionality — Musk's companies read as a stack of long-dated options, many unexercised and several created out of nothing. The second half is about Finland: imported Marxist class hatred repurposed as identity politics, a country that fails to appreciate even its own successes, and the danger of a subsidiary economy.

---

## Key Themes

* **SpaceX lists and the first trillionaire:** Discussed from 00:00 onward.
* **The offering: $80bn raised, lock-ups and a $2,500bn valuation:** Discussed from 01:40 onward.
* **Musk as a creator of long-dated options, not always an exerciser:** Discussed from 08:56 onward.
* **"Bubble": a hundred times revenue against 1.8 times:** Discussed from 16:46 onward.
* **The market can stay irrational longer than you can stay liquid:** Discussed from 22:54 onward.
* **Portfolio weighting and why cash is a losing game:** Discussed from 28:16 onward.
* **The left and a rich man: imported class hatred:** Discussed from 36:26 onward.
* **Envy and what it costs a country:** Discussed from 37:58 onward.
* **Identity: Finland fails to appreciate even its own successes:** Discussed from 41:28 onward.
* **Brand loyalty and using X because it is not Twitter:** Discussed from 43:41 onward.
* **Billionaires: neutral in themselves, an asset when committed to the place:** Discussed from 46:33 onward.
* **Risk-taking: private capital against state investment:** Discussed from 54:14 onward.
* **Wealth, money as a unit of account and inheritance tax on unlisted shares:** Discussed from 57:16 onward.
* **Decision power: 40% ownership, the Twitter layoffs and the cult inside the firms:** Discussed from 1:05:41 onward.
* **Critics: pure-play pressure would have killed Tesla:** Discussed from 1:11:40 onward.
* **"Tech bro": the patriarchy framing and the two criticisms that land:** Discussed from 1:13:13 onward.