In 2008 Musk Had $30-40M Left and Refused to Let Either Tesla or SpaceX Die
XFreeze · x · 2026-10-29
A retrospective on Elon Musk's 2008 crisis: Tesla and SpaceX were both near collapse, and he had only $30-40 million left — enough to fully save one company or, if split, possibly lose both. He chose to split the money, saying a company built with your blood, sweat, and tears is like a child and he couldn't let either starve. Both survived and went on to transform EVs and spaceflight.
More from Companies & People
- Mark Pincus: Zuckerberg is 'more Gates than Jobs' — and worse at the copying trick — aakashgupta · 2026-10-29
- 'We rewrite the company every month': founders embrace AI-era clean-slate rebuilds — TAbrodi · 2026-10-29
- Void dubbed the 'Vercel of Cloudflare' as Syntax podcast covers Deno's Cloudflare acquisition — cnakazawa · 2026-10-29
- Modal Sponsors Gray Area's 'Scaling Intelligence' Show With 11 AI Artworks — charles_irl · 2026-10-29
- Will the masses stop thinking of Google as a search company within years? — mobileraj · 2026-10-29
- NISCO and Huawei deploy world's first swarm-intelligence industrial cluster for steelmaking — yogthos · 2026-10-29