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I am familiar with the history that SpaceX almost failed when the falcon 1 failed to work, but I can't say I have a huge amount of sympathy for musk taking an i
by walrus01 4y ago
I am familiar with the history that SpaceX almost failed when the falcon 1 failed to work, but I can't say I have a huge amount of sympathy for musk taking an immense risk.
I'm sure he had enough money set aside even then from PayPal/x.com that even if SpaceX had gone belly up he could have bought a very nice house somewhere and lived in a very comfortable lifestyle for the rest of a human lifespan just living off the interest from $15-20 million.
- yarg 4y agoI'm sure he had the engineering nous and connections to find his way back from oblivion, but (unless he exaggerated) things we near dire for him financially.
- ghufran_syed 4y agoI think his original plan was to have around $40 million left over even if tesla and spacex failed, but when they both ran into difficulties in 2008-9 IIRC, I think he put the rest of his money into both companies to keep them going https://youtu.be/AeeeEDSekG8?t=3663 https://youtu.be/AeeeEDSekG8?t=3663 [EDIT: in this interview he talks about the fact he had “no money” and had to borrow money for rent around that time]