Musk’s shrinking fortune is largely tied to Tesla’s stock, which has plunged about 36% since the start of the year as the company struggles with slowing sales. Roughly 60% of Musk’s wealth comes from Tesla shares and options. The rest of his wealth comes from his other ventures. His net worth skyrocketed when SpaceX hit a $350 billion valuation, making it the world’s most valuable startup. Meanwhile, xAI, his artificial intelligence startup, raised $6 billion in funding, pushing its valuation to $50 billion.
Wow crashing rockets is worth a lot!!!
Honestly, I would invest in spaceX stock if I could.
As much as musk sucks, I would invest in any company making reusable rockets. That’s the next major step in human technology. A big shout-out to Stoke Space too, their rocket looks awesome! I can’t wait to see it fly.
Falcon 9 exists and now beats out Soyuz for the reliability record. That’s the work of countless engineers who are isolated from its idiot CEO as much as any of Musk’s companies can be.
Fully subsidized work fast and break things (ecosystems, low-earth orbit, etc)
need to stop subsiding him, DOGE should investigate.