4 ms·

What's even more amazing is that 99% of the money behind SpaceX is outside investors and the government. Even when it was founded, Musk was a minority equity i

What's even more amazing is that 99% of the money behind SpaceX is outside investors and the government. Even when it was founded, Musk was a minority equity investor.

pirate787 2y ago
This is easily shown as false. Musk was the majority founder and multiple news accounts say Musk still controls 78% of voting shares and there's no evidence the federal government owns any part of SpaceX. https://fcc.report/IBFS/SAT-MOD-20181108-00083/1569858.pdf https://fcc.report/IBFS/SAT-MOD-20181108-00083/1569858.pdf
signatoremo 2y ago
Musk was a minority investor when SpaceX was founded in 2002? Who were the other owners and how much did they own?
ryzvonusef 2y ago
https://web.archive.org/web/20120313030030/http://www.forbes.com/sites/calebmelby/2012/03/12/how-elon-musk-became-a-billionaire-twice-over/ https://web.archive.org/web/20120313030030/http://www.forbes... Even as late as 2012, Musk owned 2/3rds of SpaceX. This is after Falcon 9 was a successful product and they were starting to get NASA launches. He currently owns 54%. SpaceX was founded with his own money from the Paypal sale, by December 2008 he was nearly bankrupt after multiple failed launches. Please provide evidence for you assertions.
- gamblor956 2y ago
  https://www.crunchbase.com/organization/space-exploration-technologies/company_financials https://www.crunchbase.com/organization/space-exploration-te... Clearly shows the majority of money invested does not come from Musk. Also, voting control is not the same as capital invested, not is there a 1:1 between the two.
  - ryzvonusef 2y ago
    His voting control is ~70%, it's his capital holdings that's around the ~50%+ mark. The website you shared is most confusing. Please use some other website, its UI is frankly terrible.
mensetmanusman 2y ago
Uhh, investors got at least a 10x return, good for them.

What's even more amazing is that 99% of the money behind SpaceX is outside investors and the government. Even when it was founded, Musk was a minority equity investor.

pirate787 2y ago

This is easily shown as false. Musk was the majority founder and multiple news accounts say Musk still controls 78% of voting shares and there's no evidence the federal government owns any part of SpaceX. https://fcc.report/IBFS/SAT-MOD-20181108-00083/1569858.pdf https://fcc.report/IBFS/SAT-MOD-20181108-00083/1569858.pdf

signatoremo 2y ago

Musk was a minority investor when SpaceX was founded in 2002? Who were the other owners and how much did they own?

ryzvonusef 2y ago

https://web.archive.org/web/20120313030030/http://www.forbes.com/sites/calebmelby/2012/03/12/how-elon-musk-became-a-billionaire-twice-over/ https://web.archive.org/web/20120313030030/http://www.forbes... Even as late as 2012, Musk owned 2/3rds of SpaceX. This is after Falcon 9 was a successful product and they were starting to get NASA launches. He currently owns 54%. SpaceX was founded with his own money from the Paypal sale, by December 2008 he was nearly bankrupt after multiple failed launches. Please provide evidence for you assertions.

gamblor956 2y ago
https://www.crunchbase.com/organization/space-exploration-technologies/company_financials https://www.crunchbase.com/organization/space-exploration-te... Clearly shows the majority of money invested does not come from Musk. Also, voting control is not the same as capital invested, not is there a 1:1 between the two.
- ryzvonusef 2y ago
  His voting control is ~70%, it's his capital holdings that's around the ~50%+ mark. The website you shared is most confusing. Please use some other website, its UI is frankly terrible.

mensetmanusman 2y ago

Uhh, investors got at least a 10x return, good for them.