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> Elon Musk put 100% of his personal fortune into risky world-changing startups. That's heroic. I wasn't aware that Elon Musk put in 100% of this personal fort

• trhway 11y ago
  http://www.businessinsider.com/how-elon-musk-overcomes-challenges-2013-3 http://www.businessinsider.com/how-elon-musk-overcomes-chall... "In 2008, struggling Tesla nearly collapsed during the financial crisis. When Tesla needed cash to fund the Model S, Musk chose to bankrupt himself — giving up the money he earned from his success with PayPal — rather than let it die. He sunk his last $35 million into the company, the New York Times reported."
• elevensies 11y ago
  In the meantime, at SpaceX, Musk and top executives had spent most of December in a state of fear, but on Dec. 23, 2008, SpaceX received a wonderful shock. The company won a $1.6 billion contract for 12 NASA resupply flights to the space station. Then the Tesla deal ended up closing successfully, on Christmas Eve, hours before Tesla would have gone bankrupt. Musk had just a few hundred thousand dollars left and could not have made payroll the next day. http://www.bloomberg.com/graphics/2015-elon-musk-spacex/ http://www.bloomberg.com/graphics/2015-elon-musk-spacex/
• deleted 11y ago
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