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> He's willing to take that risk because he's in it for the results, not the money. Well put. Whatever anyone has to say about the man, the most incredible thi

> He's willing to take that risk because he's in it for the results, not the money. Well put. Whatever anyone has to say about the man, the most incredible thing about Elon is that he finds ways to pursue his crazy ideals while somehow staying profitable.

Diederich 7y ago
> crazy ideals while somehow staying profitable His main ideal, making humanity multi-planetary, requires a great deal of profitability, because it's almost nobody else's goal. My opinion is that he will, when the time is right, sell his holdings in Tesla and dump all of that right back into SpaceX or whatever entity is pushing the ball forward.
- njarboe 7y ago
  Which, if he meets all the goals of Musk's incentive schedule at Tesla, will be about $55 billion[1]. [1]https://www.businessinsider.com/elon-musk-tesla-compensation-package-tranches-explainer https://www.businessinsider.com/elon-musk-tesla-compensation...
  - Diederich 7y ago
    Yup! I don't think that structure is a coincidence.
- sp3000 7y ago
  Jeff Bezos has clearly stated that his long term goal is also making humanity a multi-planetary species. Creating and making Amazon was just a step to bring forth this vision. We are lucky to have people thinking long term like this, and also taking practical steps to make it a reality.
ethbro 7y ago
He talked about this in an interview. Something to the effect of 'When I was in college, I tested how little I could live on. Turns out rice and beans are really cheap. So even if I fail, I'm not going to starve.' Admittedly, kids and spouses change ones opinion on that, but it's a fair way to keep perspective, even after becoming rich.
- xkjkls 7y ago
  The man owns multiple mansions and spends most of his life flying around in a private jet. Let's not act like he's some monk.
  - ethbro 7y ago
    One can own multiple mansions and fly around in a private jet, and still act without fear of losing those things due to risk. Or one can hedge their bets and optimize for retaining creature comforts at all costs. Point of this thread being, Elon could certainly be forgiven for doing the latter, but he still seems to be tacking closer to the former.
xkjkls 7y ago
Elon Musk has never run a company that has been profitable for a full calendar year at any point in his life.

Diederich 7y ago

> crazy ideals while somehow staying profitable His main ideal, making humanity multi-planetary, requires a great deal of profitability, because it's almost nobody else's goal. My opinion is that he will, when the time is right, sell his holdings in Tesla and dump all of that right back into SpaceX or whatever entity is pushing the ball forward.

njarboe 7y ago
Which, if he meets all the goals of Musk's incentive schedule at Tesla, will be about $55 billion[1]. [1]https://www.businessinsider.com/elon-musk-tesla-compensation-package-tranches-explainer https://www.businessinsider.com/elon-musk-tesla-compensation...
- Diederich 7y ago
  Yup! I don't think that structure is a coincidence.
sp3000 7y ago
Jeff Bezos has clearly stated that his long term goal is also making humanity a multi-planetary species. Creating and making Amazon was just a step to bring forth this vision. We are lucky to have people thinking long term like this, and also taking practical steps to make it a reality.

ethbro 7y ago

He talked about this in an interview. Something to the effect of 'When I was in college, I tested how little I could live on. Turns out rice and beans are really cheap. So even if I fail, I'm not going to starve.' Admittedly, kids and spouses change ones opinion on that, but it's a fair way to keep perspective, even after becoming rich.

xkjkls 7y ago
The man owns multiple mansions and spends most of his life flying around in a private jet. Let's not act like he's some monk.
- ethbro 7y ago
  One can own multiple mansions and fly around in a private jet, and still act without fear of losing those things due to risk. Or one can hedge their bets and optimize for retaining creature comforts at all costs. Point of this thread being, Elon could certainly be forgiven for doing the latter, but he still seems to be tacking closer to the former.

xkjkls 7y ago

Elon Musk has never run a company that has been profitable for a full calendar year at any point in his life.