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>There are over 500 billionaires in just the US alone. His wealth was an essential ingredient for sure, but it must be obvious that it takes more than wealth to
by serf 6y ago
>There are over 500 billionaires in just the US alone. His wealth was an essential ingredient for sure, but it must be obvious that it takes more than wealth to create a company like SpaceX.
it's just that there are lots of low risks ways to make money with lots of capital than to risk wasting it on engineering or 'boundary-push' style business movements.
Big projects are cool, and great PR -- but safe trading and high interest accounts pay out more consistently, and often better.
It'd be nice to move the incentive over to value-building/engineering more than banking, though.