SpaceX is the world’s most precious house firm and will provide Elon Musk the important thing to unlocking his empire.
It is exhausting to really feel sorry for the second richest individual on the planet. Musk is estimated to be value round $180 billion, the mixed worth of his stakes in tesla (ticker: TSLA), SpaceX, Neuralink, The Boring Co. and Twitter, amongst different investments. The issue, nevertheless, is that each one however Tesla are privately owned and due to this fact illiquid. When Musk wants cash, his solely choice is to promote Tesla inventory. That was the case from April to December 2022, when Musk was pressured to promote about $23 billion of Tesla inventory to maintain Twitter afloat, one motive shares fell greater than 50% throughout that point. interval. What Musk actually wants is one other public firm that permits him to unlock a few of his wealth and take the strain off Tesla.