Musk doesn't primarily raise capital by selling prospects of eventual dividend. He openly doesn't care at all about profitability, he only cares about the oft-s

Musk doesn't primarily raise capital by selling prospects of eventual dividend. He openly doesn't care at all about profitability, he only cares about the oft-stated SpaceX/Tesla goals, and is pretty much willing to take any money and opportunity that comes his way, be it public rounds or government support. Musk raises capital by selling the prospect of the achievement of his stated goals. Part of the investors care about Musk's goals, and another part invest in Musk because they think that other people caring about Musk's goals sets Tesla's market value.